Financial authorities intensively inspect the execution of conditional loan agreements for housing disposal and transfer
The government decided to implement policies to strengthen the comprehensive real estate tax and capital gains tax as planned. The Ministry of Strategy and Finance, the Ministry of Land, Infrastructure and Transport, the Financial Services Commission, the National Tax Service, and the National Police Agency held a joint briefing on the status of real estate policy promotion and future plans at the Government Complex Sejong on the 18th.
The Ministry of Science and Technology confirmed that “we will strictly implement the policy package, such as strengthening the tax system already prepared, and carefully review the related tax system.”
This means that it will implement the revisions of the existing tax laws, such as the increase in the tax rate to be implemented as of June 1 of this year and the reinforcement of the transfer tax for multi-homed people and short-term holders of less than two years.
The government strengthened the tax burden at each stage before acquisition, possession, and disposal through measures such as June 17 and July 10 last year. Among them, the increase in the tax rate for multi-homeowners (0.6-3.2% → 1.2-6.0% for multi-homeowners) will be implemented from June 1 this year.
Also in June, measures to raise the transfer tax median tax rate for multi-homed people in the target area from 10 to 20%p to 20 to 30%p, and to 60 to 70% for houses held for less than two years, and members’ right to move in and sale in union It’s the 1st.
Im Jae-hyun, head of the tax office of the Ministry of Finance, said at a briefing on the day, “It is important to implement the policy as announced, given the consistency and reliability of the policy.” He also predicted that “as the implementation of the middle school system on June 1 approaches, more multi-homed people will be sold.
The financial authorities plan to continuously check the status of financial companies’ compliance with loan regulations and take strict measures to counteract the disruption of the housing market through expedient loans. In particular, from this year, we decided to focus on whether or not to implement the agreement, taking into account the fact that the contract fulfillment date for the existing conditional loans for housing disposal and relocation is coming in earnest.
It is also a policy to strengthen the rein of regulations regarding credit loans, which have increased from the second half of last year. Reporter Kim Ji-eun
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