Han Byung-doo: "Real Estate Tax Plan is Starting Point for National Assembly Discussion... We Will Examine Policy Effects"

Democratic Party Acting Leader and Floor Leader Han Byung-doo stated today (the 4th) regarding the government's real estate tax revision plan, "In a word, the goal of this revision plan is tax normalization for growth and people's livelihoods."

During the floor countermeasures meeting held at the National Assembly, Acting Leader Han said, "We will protect single-home owners for actual residency purposes, and rationalize benefits excessively concentrated on ultra-high-priced homes and non-reserving homes in accordance with housing values and actual residency status."

He explained, "We will ease the period and requirements for postponing the payment of the comprehensive real estate holding tax for elderly single-home owners, and recognize periods where residency was unavoidably omitted due to schooling, employment, or medical treatment as residency periods. For multiple-home owners with the intent to sell, capital gains tax surcharges will be temporarily eased until 2028."

He pointed out, "The People Power Party is repeating old instigations calling it a 'tax bomb' while hiding these support and protection measures," adding, "We must not mislead the public by extracting only a part of the revision plan as if it were the whole."

He emphasized, "The government's proposal is the starting point for discussions in the National Assembly," and added, "During the upcoming National Assembly review process, the Democratic Party will carefully examine policy effects, public acceptability, and the predictability of the system."

(Photo: Yonhap News)
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