We have some news that should be helpful for young people purchasing their first homes. Let us take a look together.
According to a local tax reform plan announced by the government, the acquisition tax reduction limit for adults under 40 purchasing their first home will be increased from the previous 2 million won to a maximum of 3 million won.
Up until now, this has only applied to residential houses.
Moving forward, officetels are also scheduled to be included as eligible for the reduction.
Following a legislative notice period, this reform plan is scheduled to be submitted to the National Assembly in October.
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※ Please note: This article was translated by AI and may contain errors.
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Copying, redistribution, and unauthorized use in AI training are strictly prohibited.
Lee Gang
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