Real Estate Exchange Between Parents and Children: Gift Tax Varies Depending on the Difference Settlement Method
Due to changes in real estate tax reforms, interest in "exchanges" between parents and children is increasing as a method of asset transfer. The method of settling the difference in value between exchanged properties significantly impacts the amount of gift tax and acquisition tax incurred.
SH to Recruit Tenants for Redevelopment Rentals in 162 Seoul Complexes, Including Station Areas and New Builds
SH is recruiting tenants and prospective tenants for a total of 3,821 households across 162 complexes for redevelopment rental housing in major station areas and near the Han River in Seoul. The recruitment targets low-income, non-homeowning residents of Seoul with various rental options available through a deposit-rent conversion system.
Deferral of Actual Residence Requirement in Land Transaction Permit Zones Extended up to 2029... Move-in Timing Delayed
The period for deferring the actual residence requirement when purchasing a house in a Land Transaction Permit Zone will be extended. According to the Ministry of Land, Infrastructure and Transport, the deferral application period will be extended by one year from the end of 2026 to the end of 2027, potentially delaying move-in dates until the end of 2029.
"The Wall of Trust"… Building Owner Lee Hae-in Expresses Difficulties in the Lease Contract Process
YouTuber and building owner Lee Hae-in shared the realistic difficulties she is facing while attempting to lease commercial spaces due to complex procedures related to "trust" properties. She is struggling to finalize contracts as potential tenants feel burdened by the requirement to submit personal seals and commitment letters.
Changwon Masan Samgye Jugong Apartment Complex 2 Recruitment for 50-Year Public Rental Housing... No Income or Asset Restrictions
Recruitment for reserve tenants of the Masan Samgye Jugong Apartment Complex 2 50-year public rental housing in the Masan area of Changwon City, Gyeongsangnam-do, has begun. This recruitment features no restrictions on income, assets, or age, and offers long-term residency possibilities.
Case of 33 Million Won Compensation Increase for Land Including 'Roads' During Redevelopment Cash Liquidation Draws Attention
When applying for cash liquidation during redevelopment, the compensation amount for land used as a road can vary significantly depending on whether it is classified as a road under the Private Road Act or a de facto road. A recent legal case resulted in a 33 million won increase in compensation after successfully challenging a low valuation in court.
"Telling us to include rental housing is blackmail"... The essence of reconstruction revealed by the backlash of Haan Jugong owners
The conflict over the installation of rental housing during the reconstruction of Haan Jugong in Gwangmyeong City, Gyeonggi Province, highlights fundamental questions regarding who should bear the costs of reconstruction projects. Owners are protesting against the government's policy of imposing unilateral financial burdens on existing asset holders to meet public needs.
"Only possible within 5% of market price"... Caution advised regarding capital gains and gift tax risks during low-price transfers between family members
An analysis reveals that both buyers and sellers face significant tax risks when conducting low-price real estate transfers between family members. To avoid being taxed based on market value, transactions should ideally stay within 5% of the market price to satisfy both gift tax and capital gains tax regulations.
The place to watch for Nowon-gu reconstruction is 'near Eunhaeng Sageori'... Caution needed for undervalued areas in the metropolitan area
CEO Choi Yun-seong presented differentiated approaches based on regional characteristics and maintenance project stages, highlighting specific areas in Nowon-gu and advising caution regarding undervalued metropolitan regions.
"Moving Toward the Disappearance of Jeonse and Wolse"... Mismatch Between Non-apartment Market Regulations and Supply Measures
Analysis suggests that government real estate policies are heading toward the gradual disappearance of the Jeonse system, leading to structural changes in the housing market. Concerns are rising over the mismatch between supply measures and tax regulations that pressure the non-apartment market.
Expansion of Residency Deferral in Land Transaction Permit Zones... Purchases Possible Until 2027 Even with Tenants
The burden on owners wishing to sell homes occupied by existing tenants within Land Transaction Permit Zones is expected to ease due to an extension of the residency obligation deferral period.
"GTX will reshape the metropolitan real estate market"... Professor Kim Kyung-min says accessibility to business districts determines the housing market
Professor Kim Kyung-min of Seoul National University explains how the introduction of the GTX will shift the real estate market's focus from spatial distance to temporal distance. He highlights the importance of accessibility to major business districts and the role of circular subway lines in determining housing prices.
'Residence House Tax Exemption' Maintained at 5 Years Despite Rental House Transfer Deadlines... Controversy Resolved
The controversy regarding whether the tax exemption for a residence house must be shortened to one year following the new transfer deadlines for rental houses has been resolved, confirming the 5-year period remains.
Full Verification of Ultra-High-Priced Housing Over 3 Billion Won; Caution Needed Regarding the '80% Rule' When Explaining Sources of Funds
The National Tax Service is conducting full verifications of ultra-high-priced housing acquisitions of 3 billion won or more from 2014 to the present. While this verification focuses on whether the buyer has the financial capacity to acquire the property, taxpayers must be careful about misconceptions regarding the "80% rule" and the requirements for proving borrowed funds from parents.
"Seoul is too expensive"... A YouTuber living in Gwanggyo explores officetels in Bundang and Pangyo
The operator of the YouTube channel 'Country Mouse's City Life' filmed a video exploring the Pangyo and Bundang areas to find a new monthly rental after living in Gwanggyo for two years.
Reasons to Avoid 'Encumbered Gift' and 'Low-Price Transfer' When Gifting a 1 Billion Won Apartment and Practical Strategies
An analysis suggests that methods like encumbered gifts or low-price transfers used to reduce taxes when gifting a 1 billion won apartment can lead to tax audits or additional tax burdens. According to the YouTube channel 'Channel Genesis Park', different gifting methods carry different types of taxes and risks, requiring a choice tailored to one's asset situation.
Heavy Taxation on Non-business Land to Increase by 20%p from 2028... Possibility of Excluding Special Deduction for Long-term Holding
If the tax reform plan announced by the government in August 2026 passes the National Assembly of the Republic of Korea, the tax burden on non-business land is expected to increase significantly starting in 2028. The heavy taxation rate for non-business land's capital gains tax could double from 10%p to 20%p, and the existing special deduction for long-term holding may be excluded.
"Securing Over 200 Trillion Won in Excess Tax Revenue"... The Scale of Resources to be Invested in Government Housing Stability Policies and Market Changes
The government has declared housing stability, jobs, and people's finance as three core social policies, with sufficient excess tax revenue expected to support these initiatives. While apartment markets are shifting toward monthly rentals due to high interest rates, the supply of non-apartment housing has collapsed due to the breakdown of the Jeonse system.
"Between Rising Interest Rates and Loan Regulations"... Real Estate Market Situation Sees 44% Increase in Auction Items Compared to Last Year
Sim Hyeong-seok analyzes how rising interest rate expectations and tightened loan regulations are dampening buyer sentiment and shifting the auction market toward non-apartment properties. He also discusses the potential impact of public institution relocation and upcoming tax reforms on the real estate market.
Disputes Surge During Compulsory Execution Stage Following Eviction Lawsuits... Responding at the 'First Notice' Stage is Crucial
Disputes during the compulsory execution process following real estate eviction lawsuits are becoming more complex and intense. Experts advise that responding effectively during the 'first notice' stage, where bailiffs officially demand vacancy, is a critical turning point to prevent future legal and physical conflicts.
Changes to Fund Procurement Plan Form: Must Include Loan Sources, Virtual Assets, and Repayment Plans for Loans
The form for the Fund Procurement Plan used in real estate transactions has been updated, requiring more specific details regarding loan types, virtual asset sales, and repayment plans to prevent tax evasion.
September Comprehensive Real Estate Holding Tax Exclusion and Special Case Applications: Caution Required for New Acquisitions in Adjustment-Targeted Areas
As the application period for the September Comprehensive Real Estate Holding Tax exclusion and special cases begins, key requirements and precautions for reducing tax burdens have been summarized. The guidelines highlight differences between exclusion from taxation and special applications to avoid heavy taxation, while warning that new acquisitions in adjustment-targeted areas after September 14, 2018, may be ineligible for benefits.
Comprehensive Real Estate Holding Tax for Jointly Owned Property by Spouses: Which is Better, 'Individual Payment' or 'Single-Household One-Home Special Exception'?
As the application period for Comprehensive Real Estate Holding Tax special exceptions approaches, homeowners with jointly owned property must choose between individual tax payments or applying for the single-household one-home special exception to minimize their tax burden.
"Reduce Square Footage and Improve Location"... Strategies for Finding a Home Tailored to Your Budget
A video from the YouTube channel "Country Mouse's City Life" provides strategic advice on real estate purchasing, emphasizing the importance of prioritizing location over size and accurately calculating available budgets. The presenter also suggests using AI agents like Manus AI to analyze real estate transaction data for better decision-making.
Real Estate Exchange Between Parents and Children: Gift Tax Varies Depending on the Difference Settlement Method
SH to Recruit Tenants for Redevelopment Rentals in 162 Seoul Complexes, Including Station Areas and New Builds
Deferral of Actual Residence Requirement in Land Transaction Permit Zones Extended up to 2029... Move-in Timing Delayed
"The Wall of Trust"… Building Owner Lee Hae-in Expresses Difficulties in the Lease Contract Process
Changwon Masan Samgye Jugong Apartment Complex 2 Recruitment for 50-Year Public Rental Housing... No Income or Asset Restrictions
Case of 33 Million Won Compensation Increase for Land Including 'Roads' During Redevelopment Cash Liquidation Draws Attention
"Telling us to include rental housing is blackmail"... The essence of reconstruction revealed by the backlash of Haan Jugong owners
"Only possible within 5% of market price"... Caution advised regarding capital gains and gift tax risks during low-price transfers between family members
The place to watch for Nowon-gu reconstruction is 'near Eunhaeng Sageori'... Caution needed for undervalued areas in the metropolitan area
"Moving Toward the Disappearance of Jeonse and Wolse"... Mismatch Between Non-apartment Market Regulations and Supply Measures
Expansion of Residency Deferral in Land Transaction Permit Zones... Purchases Possible Until 2027 Even with Tenants
"GTX will reshape the metropolitan real estate market"... Professor Kim Kyung-min says accessibility to business districts determines the housing market
'Residence House Tax Exemption' Maintained at 5 Years Despite Rental House Transfer Deadlines... Controversy Resolved
Full Verification of Ultra-High-Priced Housing Over 3 Billion Won; Caution Needed Regarding the '80% Rule' When Explaining Sources of Funds
"Seoul is too expensive"... A YouTuber living in Gwanggyo explores officetels in Bundang and Pangyo
Reasons to Avoid 'Encumbered Gift' and 'Low-Price Transfer' When Gifting a 1 Billion Won Apartment and Practical Strategies
Heavy Taxation on Non-business Land to Increase by 20%p from 2028... Possibility of Excluding Special Deduction for Long-term Holding
"Securing Over 200 Trillion Won in Excess Tax Revenue"... The Scale of Resources to be Invested in Government Housing Stability Policies and Market Changes
"Between Rising Interest Rates and Loan Regulations"... Real Estate Market Situation Sees 44% Increase in Auction Items Compared to Last Year
Disputes Surge During Compulsory Execution Stage Following Eviction Lawsuits... Responding at the 'First Notice' Stage is Crucial
Changes to Fund Procurement Plan Form: Must Include Loan Sources, Virtual Assets, and Repayment Plans for Loans
September Comprehensive Real Estate Holding Tax Exclusion and Special Case Applications: Caution Required for New Acquisitions in Adjustment-Targeted Areas
Comprehensive Real Estate Holding Tax for Jointly Owned Property by Spouses: Which is Better, 'Individual Payment' or 'Single-Household One-Home Special Exception'?