"Bold Exception Reasons"... Expansion for Middle and Special Schools?

[Anchor]

As public criticism accumulates over the taxation on non-resident single homeowners, Deputy Prime Minister for Economic Affairs Koo Yun-cheol has stated that the government intends to boldly recognize non-residence as residency if the reasons are reasonable. There is a strong sense that the real estate tax reform plan will be significantly adjusted, focusing on non-resident single-home owners.

Reporter Park Jae-yeon has the details.

[Reporter]

Yesterday (August 24), the ruling party's Supreme Council meeting.

Regarding the government's tax reform plan, which was handled as a core agenda item at the high-level party-government-presidential meeting the day before yesterday, the need to rationally adjust the tax burden for non-resident single-home owners was emphasized once again.

[Hahn Byung-do / Democratic Party Floor Leader: We agreed to rationally supplement the tax system so that single-home owners who could not reside due to unavoidable reasons do not suffer unfair disadvantages.]

The National Assembly's Special Committee on Budget and Accounts, attended by Deputy Prime Minister for Economic Affairs Koo Yun-cheol and Minister of Land, Infrastructure and Transport Kim Yoon-deok.

Ruling party lawmakers stepped forward to call for the easing or adjustment of the pace of the tax reform plan.

[Ahn Do-geol / Democratic Party Lawmaker: Isn't there a need to ease it somewhat or adjust the pace in terms of implementation?]

The government responded with the intention to boldly increase the exceptional reasons for recognizing non-residence as residency.

[Koo Yun-cheol / Deputy Prime Minister for Economic Affairs: For parts where non-residence is somewhat reasonable, we are trying to boldly transition to recognizing it as residency to resolve these issues.]

The government's existing reform plan includes "exception clauses" that recognize up to three years as a residency period if a non-resident single-home owner lives in a different city or county due to reasons such as a child's enrollment in high school or university, a job change, or supporting parents aged 60 or older.

Within the ruling party, measures being discussed include expanding exceptional reasons to cover middle and special school enrollment, victims of domestic violence, and others; extending the residency recognition period beyond the current "maximum of 3 years"; and raising the comprehensive real estate tax basic deduction for non-resident single-home owners above the government's proposed 900 million won to narrow the gap with actual residents.

In addition, the ruling party is even reviewing an approach that would significantly expand the "recognition of non-residence as residency" by separately prescribing cases that cannot be considered residency through a "negative regulation method."

(Video reporting: Oh Young-chun, Kim Yong-woo | Video editing: Jang Hyun-ki | Design: Hwang Se-yeon)
※ Please note: This article was translated by AI and may contain errors.