Ruling Party "Strongly Demands Government Apply Comprehensive Real Estate Tax of 1.4 Billion Won Regardless of Actual Residence"
6 Articles
6 Articles
The Democratic Party of Korea requested that the government standardize the basic deduction for the Comprehensive Real Estate Tax for first-time homebuyers to 1.4 billion won, regardless of residency status. While the Democratic Party considered public opinion among voters in Seoul and the impact on the general election, the government maintained its existing stance, citing concerns that it could undermine the principle of actual residence, lead…
Halt to Differential Deductions Based on Actual Residence Status… Pressure on Government Ahead of 2028 General Election
The Democratic Party of Korea announced that it strongly urged the government to apply a basic deduction of 1.4 billion won for the Comprehensive Real Estate Tax to owners of a single primary residence, regardless of residency status. Park Sung-joon, the Democratic Party's chief spokesperson, held a briefing on the results of the 12th High-Level Party-Government Consultative Meeting at the National Assembly Communication Center on the afternoon …
Citing the 2028 general election, the Democratic Party of Korea strongly urged the government to standardize the basic deduction for the Comprehensive Real Estate Tax for single-home owners to 1.4 billion won, regardless of actual residency. However, the government's decision on whether to accept this demand has not yet been made. Park Sung-joon, Senior Spokesperson for the Democratic Party of Korea, stated during a briefing at the National Ass…
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