Lee Proposes Exemption From Heavier Tax for Multiple Home Owners when They Sell Properties by May 9

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President Lee Considers Allowing Suspension of Heavy Capital Gains Tax on Multiple Homeowners for Applications Submitted by May 9. On the 6th, President Lee Jae-myung stated regarding the deadline for exempting multi-homeowners from the heavy capital gains tax that he is considering allowing applications submitted by May 9. He also addressed the inconvenience faced by single-home owners unable to sell properties with tenants.

연합뉴스-Yonhap News Agency

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Although the implementation date for the heavy capital gains tax on multiple homeowners is the 9th of next month, the effective deadline is the middle of this month considering the requirement to obtain land transaction permission in advance. President Lee is reportedly considering a plan to avoid the heavy tax if one applies for permission by the 9th of next month.

ddaily.co.kr

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[Digital Daily Reporter Kim Nam-gyu] On the 6th, President Lee Jae-myung instructed that the scope of the deferral for the heavy capital gains tax on multi-home owners be expanded, and that the controversy regarding reverse discrimination against single-home owners be addressed. During a Cabinet meeting and emergency economic review held at the Blue House on this day, President Lee addressed the deferral of the heavy capital gains tax for multi…