Finance Committee: "Raising Housing Comprehensive Real Estate Tax Rates Could Pass Tax Burden on to Tenants"
4 Articles
4 Articles
Regarding this year's government tax reform bill, the National Assembly has issued review opinions expressing concerns over the passing on of the Comprehensive Real Estate Tax burden to tenants and the regressive nature of the expanded family business inheritance deduction. Debate is expected during the parliamentary review process, which will begin in earnest next month. The government's... [written] on the 25th by Lee Jeong-eun, Senior Staff M…
The National Assembly Finance and Economy Committee has released a review opinion stating that raising the comprehensive real estate tax rate could increase the tax burden on tenants, and that the differential basic deductions between residents and non-residents could intensify the inducement and concentration of residence in the Seoul metropolitan area.
(Sejong=Yonhap News) Reporters Lee Se-won and Song Jeong-eun = The National Assembly's Finance...
Regarding the reform of the long-term capital gains deduction, concerns have been raised that it could lead to a decrease in available properties. Meanwhile, the Blue House is also considering a deferral of taxation on virtual assets. A review by a National Assembly standing committee has suggested that raising the Comprehensive Real Estate Tax rate could lead landlords to increase rents and pass the tax burden on to tenants. As the National Ass…
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