Tax bomb on public price hike… Please remove LH from the apartment.

Increasing public prices, tax burdens, and health insurance premiums are increasing. The taxes you have to pay have increased, and the benefits you have received decrease. This year, the nationwide public housing price increased by an average of 19%, showing the highest rate of increase in 14 years. The publicly announced price rose by about 20% in Seoul and by 70% in Sejong City. This year’s public price will be decided and disclosed on the 29th after hearing the opinions of the owners and local governments by the 5th of next month.

The aftermath of allegations of speculation by employees of the Korea Land and Housing Corporation (LH) remains. Following LH, the investigation has expanded to the Ministry of Land, Infrastructure and Transport and local governments, and the government is professing to recover unfair profits and establish new institutions. There is also a backlash from the general public. Residents entering LH in the name of the apartment are insisting on a name change. Today, we will deliver news related to real estate.

◆1 Homeowner also pays tax

This is the first news. This year, the tax burden is expected to increase significantly for multi-homed people as well as single-homed people nationwide. This is because the number of apartments with a public announcement exceeding KRW 900 million, which is subject to the comprehensive real estate tax (variety tax) based on one homeowner, increased by 70% on a national basis. In Seoul, the number of apartments that are required to pay the final tax is 41,2970, an increase of 47% from last year. The government said that house prices rose a lot nationwide last year, and estimated that property taxes alone would be lifted by about 366 billion won more than last year.

According to a simulation analysis of the government’s ownership tax (property tax + comprehensive real estate tax), the area for exclusive use of’Dogok Rexle’ in Gangnam-gu, Seoul has increased by 52% from 14.24 million won last year to 21.6 million won this year. This is due to a 15.6% increase in the published price from 2.17 billion won last year to 2.51 billion won this year. This year’s ownership tax of 76㎡ dedicated to’Eunma Apartment’ in Gangnam-gu is 8.45 million won, more than 2.8 million won from last year (5.61 million won). Mapo Raemian Prugio (dedicated 84㎡) in Mapo-gu has an official price of 1.27 billion won this year, an increase of 200 million won from last year, resulting in an additional KRW 5.33 million in ownership tax. In Sejong City, apartments that rise by the upper limit of the property tax burden (130%) are poured out. Sejong City’s’First Village Complex 3′(only 102㎡) has an official price of 720 million won this year, up 75% from last year. Property tax from 590,000 won last year will rise 30% to 770,000 won this year.

◆ It rises to dryness

Due to the soaring public housing price, the burden of health insurance premiums as well as property taxes increases significantly. From the end of this year, the number of people who have lost their dependent status and converted to local subscribers and have to pay new health care fees will increase from the end of this year. According to the Ministry of Health and Welfare, due to the increase in the publicly priced price, the construction fee for local subscribers with apartments with a market price of 710 million won increases by 5,000 won per month, and the construction fees for local subscribers with an apartment of 1.43 billion won increase by 11,000 won per month. It is calculated assuming that there are no other income and other property such as cars. In reality, the rate of increase in health insurance is expected to be greater. The number of people who lose their status as dependents in the aftermath of an increase in the published price is expected to reach 18,000 this year. A total of 516,000 people were disqualified from health care dependents due to income and wealth growth last year. This year, up to 3.5% of last year’s people paid new construction fees only due to the increase in the official price.

◆ Basic and disability pension eligibility likely to increase

The number of people who are unable to receive the basic pension and work incentives due to the increase in the public announcement price is expected to increase exponentially. The number of exemptions from military service due to difficulty in living is expected to drop sharply, and land-related fines are expected to rise significantly. Determination of long-term student repayment targets after employment, public housing tenant qualifications, and selection of educational expenses support targets will also be affected by the increase in public prices. According to the’Report on the Linkage Effect of the Real Estate Listed Price Realization Plan’ recently released by the National Assembly Budget Office, 63 systems in five areas, including tax, welfare, administration, charges, and real estate valuation, are affected by the increase in the disclosed real estate price.

◆Hong Nam-ki “Establishment of an analyst to investigate and punish illegal real estate”

Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance today said, “We need the Real Estate Transaction Analysis Institute, a supervisory body that can detect and investigate illegal real estate activities.” The current real estate transaction analysis planning team is planning to create an analyst who has the authority to detect and punish actual illegality. It also requested legislation in relation to the legislation related to the Real Estate Transaction Analysis Institute being submitted to the National Assembly.

◆“Please remove the apartment name LH”

At the Blue House National Petition, a request was made to’remove LH from the apartment name’. On the bulletin board of the national petition, an article entitled’Humansia, suggestion to delete or change the name of LH apartment’ was posted and the petition is in progress. Petitioner said, “Recently, LH employees’ suspicion of speculation in the third new city is an issue.” “LH and Humansia have become a name that reflects the image of the gap between the rich and the poor, discrimination at the level of class culture, and corruption.” He said, “I can’t help but resent the reality that there are LH Humansia marks on the exterior walls and surrounding areas of the house where I live,” he said. “Please fully support the cost required by the Ministry of Land, Infrastructure and Transport and LH to change the name and logo of the apartment.” .

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