“As a corporation in the name of the family
Buying real estate is illegal,
Pointing out a shortcut to getting tax cuts”
Group TVXQ, Yunho Yunho / Photo = Hankyung DB
It is known that group TVXQ member Yunho Yunho (real name Yoonho Jung) purchased 16 billion buildings as a family corporation.
According to the real estate industry on the 15th, Corporation A, which is estimated to be the representative of Yunho Yunho’s father, purchased a building in Pungnap-dong, Songpa-gu, Seoul for 16.3 billion won in 2016. Considering that the representative name of the corporation is Yunho’s father, and the address of the representative coincides with Yunho’s home address, it seems that the possibility of the same name is low is the evaluation of the industry.
As such facts were reported through media reports, Yoo Yunho’s remarks about “I will not become a building owner” in various online communities have recently been refocused.
In the past, Yunho Yunho told MBC’Dunia’ broadcast on July 8, 2018, “Other singers buy a lot of buildings to ensure their retirement, but I wonder why the seniors don’t do that.” It’s good, but in fact, I have a dream.”
He said, “If I have a chance, I want to establish a school. I can do a musical art school.
It is not illegal in itself to purchase real estate as a family corporation. However, some point out that buying real estate under the family name is a convenient way to receive tax cuts.
When a real estate corporation owns a house, acquisition tax and property tax are reduced, and when mortgage loans are made, the mortgage recognition rate is higher than that of individuals, and various benefits can be enjoyed.
At the same time, multi-homeowners can significantly reduce the burden of comprehensive real estate tax and receive a lower capital gains tax at the same time, and corporate-named houses are not included in the number of privately owned houses even when calculating the tax, which can significantly lower the tax.
Meanwhile, at the end of last month, Yunho Yunho was caught drinking alcohol at an illegal entertainment bar for more than 10pm, violating the guidelines for the second step of social distancing in the metropolitan area following the spread of a novel coronavirus infection (Corona 19).
Jeongho Kim, guest reporter at Hankyung.com [email protected]
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