Tax evasion caught on’real estate YouTuber’ that encouraged gap investment and the rise of the world… National Tax Service, microscopic tax investigation

Input 2021.01.07 12:00

Real estate YouTuber reveals first tax evasion charges… Strict example of market disturbance
385 people were caught, such as splitting a room in academy and laundering money with employee paybooks
Criticism of “the rise is market disturbance, the fall is no problem?… what is the government standard”

A YouTuber with tens of thousands of subscribers and CEO of a large real estate brokerage firm, Mr. A, is accused of omission of reporting after receiving a lecture fee of hundreds of thousands of won per session in cash by opening a member-only lecture related to apartment gap investment and small building investment. They gathered members for giving lectures on YouTuber broadcasts, etc., and tried to create a real estate investment boom by shouting’the trend is rising’. Real estate authorities such as the Ministry of Land, Infrastructure and Transport see these as market disruptors.

For VIP customers that are managed separately, the income received from direct investment consulting and brokerage services was evacuated, and it was investigated by the National Tax Service. The National Tax Service is planning to collect a penalty of several billion won, including corporate tax, comprehensive income tax, and non-issuance of cash receipts.

On the 7th, the National Tax Service announced that it has undertaken a tax investigation on 358 people, including those who acquire high-priced and multi-household houses, rent-a-room business units, and four-week families who acquired houses with corporate funds. The targets of this survey included ▲ 209 suspected evasioners, such as down-contracts for sale rights and expedient gifts ▲ 51 suspicions of receiving acquisition funds ▲ 32 people including illegal housing remodeling and rental, omission of cash sales, and corporate fund outflow ▲ 66 people who gave expedients disguised as borrowing Etc.

◇Is a real estate YouTuber tax investigation signaled?

Although the government said it was cracking down on YouTubers who are disturbing the market, this is the first time that it was introduced as an example of the actual tax investigation. Despite the government’s announcement of 24 real estate measures, house prices continue to rise, and it is interpreted as a measure to strict against market disruption through YouTube.

According to the National Housing Price Trend Survey released by the Korea Real Estate Agency on the 5th, last year’s national housing and apartment prices rose 5.36% and 7.57%, respectively, compared to the previous year. Both are the highest since 2011. Last year, the nationwide housing rental price rose 4.61%, the highest in five years. Last year, the national housing rent rose 1.09% year-on-year, the first increase since 2016 when related annual statistics were prepared. The nationwide apartment sale price index also rose monthly from 99.12 in January last year, recording 106.22 in December.

An official from the National Tax Service said, “It is the first time that a tax evasion has been discovered and disclosed through real estate YouTube activities. It is not a problem to properly report the proceeds while introducing investment information and even brokering services, but a problem was found in the monitoring process.” did.

Tax audits on YouTubers have been predicted to some extent. Deputy Prime Minister of Economy and Ministry of Strategy and Finance Hong Nam-ki announced a policy of investigating online real estate cafes and YouTube to prevent disturbances in the real estate market at a meeting of ministers related to the real estate market inspection last August. For investigation, it was decided to bring the police and the National Tax Service to the fore. In addition, the head of the National Tax Service, Kim Dae-ji, said in his New Year’s address, “We will respond thoroughly to anomalous evasion by strengthening verification of the source of acquired funds and debt repayment related to real estate transactions.”

When the government announced the reinforcement of tax audits on YouTubers, famous real estate YouTubers were halting or reducing broadcasting. The YouTuber’Jaetech Reading Pilot’ with 353,000 subscribers ended last August. ‘Park Byung-chan’s Real Estate Rich Byeong-beop’, a real estate YouTuber with 130,000 subscribers, stopped paying membership services. YouTubers commented, “I am concerned that I will be misunderstood as contributing to market disruption,” and “I mentioned a specific area for information, but I am careful that I would be subject to crackdown.”

It was noticed that most of the real estate YouTubers who stopped their activities at the time were those who insisted on the’rising market’. On the other hand, famous YouTubers who argue for’Harak Loan’ with videos such as’Busan apartment bubble burst’,’Apartment transaction volume has drastically decreased’ and’Never buy a house now’ are still active.

An official in the real estate industry said, “I am curious about the government’s standards if it is an act of disrupting the market if an assertion is rising, and if it is not an act of disrupting the market,” said, “Unlike the existing platform, the YouTube channel is It’s a space. Each person has many opinions, but suppressing them for tax purposes is problematic,” he said.

◇ Money laundering with employee’s salary passbook… School district room splitting

In this tax audit, a suspect was also caught who had paid a salary to an employee’s bankbook and then returned a portion of it to steal cash.

The National Tax Service investigated the alleged lack of funding sources by acquiring a large number of apartments by Mr. B, who is running an academy but whose reported income is insignificant. As a result, it was confirmed that the spouse C, who is engaged in the financial industry, deposits B’s real estate acquisition funds into the accounts of several staff members of the academy, and the employee collects the funds and acquired the apartment by remittance to A in the name of repaying excessive salaries. The National Tax Service added a gift tax of several hundred million won to Mr. B.

There have also been cases in which many high-priced apartments were acquired by donating real estate acquisition funds through illegal foreign exchange transactions from overseas parents. E, a young foreign national (resident) who has no declared income, was investigated for lack of funding sources by acquiring dozens of expensive apartments. Accordingly, it was confirmed that he obtained an apartment by receiving funds from his parents residing abroad, renting it, and then acquiring an apartment again as a deposit. In this process, in order to avoid gift tax, the acquired funds were received through illegal foreign exchange transactions

A rental business operator who illegally remodeled buildings and houses in a famous academy district was also caught. The business operator divided into dozens of rooms and rented out for academy students, etc., and is under suspicion of reducing income by inducing cash payment through discounts. The National Tax Service is scheduled to initiate an investigation into the alleged omission of rental income reporting by rental companies.

An official from the National Tax Service said, “Last year, the number of reports of tax evasion suspicion is expected to increase significantly this year as apartment prices increased, additional designation of areas subject to adjustment, and the subject to submit corporate funding plans expanded,” said “Real estate registration data and real estate transaction management system ( “We will always analyze the transaction data such as RTMS) data and the tax evasion suspicion data received by related organizations to verify tax evasion charges such as lack of funding sources.”

Meanwhile, the National Tax Service investigated 1543 suspects of various types of tax evasion related to real estate transactions last year and collected 125.2 billion won. Some are still under investigation.