Registered Rental Properties Must Be Sold by Next Year to Receive Tax Benefits… Special Tax Exemption for Residential Housing Maintained
4 Articles
4 Articles
Mr. A, who owns a registered rental property in Seoul, is currently crunching the numbers on when to sell his house. It is not due to the outlook on housing prices, but because of taxes. Tax benefits vary depending on the timing of rental business registration, the mandatory rental period, and the date of sale. Mr. A originally intended to keep the house. However, after reviewing the details of the government's tax reform, he changed his mind an…
The special tax exemption for registered rental residential housing will be maintained… The special provisions for mutual growth rental housing will expire at the end of this year. Registered rental business operators must sell purchased rental apartments in designated adjustment areas by the end of next year to receive tax benefits, such as the exclusion from heavy capital gains tax. The special provisions for mutual growth rental housing will …
(Sejong = Yonhap News) Reporter Ahn Chae-won = Registered rental business operators must sell purchased rental apartments in designated adjustment areas by the end of next year to receive tax benefits such as exemption from heavy capital gains tax...
The application period for the temporary two-home special provision in adjustment target areas is reduced from 3 years to 2 years.
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