SBS News

Lived 2 Years, Held 10, Made 2 Billion Won: Capital Gains Tax Changes in 3 Years Tax deduction benefits for capital gains, which used to be granted simply for holding a property for a long time, are set to disappear. SBS Aug 4, 2026 7:22 AM

Subdued Real Estate Market... Will Properties Come Out? What is the Impact on Jeonse and Monthly Rent? With this real estate tax reform, some in the market are raising the possibility that properties might be temporarily released. SBS Aug 4, 2026 6:34 AM

Capital Gains Tax Reform to Abolish 'Holding' Deduction and Focus Solely on 'Residency' with Up to 80% Cap Even if you own a house for a long time, you will no longer receive capital gains tax deductions upon sale unless you actually live in it. SBS Aug 4, 2026 6:12 AM

Comprehensive Real Estate Tax to Apply to Homes Valued at 2 Billion Won and Up; Heavier Burden for Non-Residents The government has announced this year's tax reform package. The core focus is on real estate taxes, with the main objective of increasing the tax burden on high-priced and non-resident homes. SBS Aug 4, 2026 6:09 AM

Koo Yun-cheol hints at partial greenbelt release and military site use for housing supply Appearing on KBS News on the afternoon of the same day, Deputy Prime Minister Koo stated, "To provide the maximum possible supply under the Lee Jae-myung administration, we are currently preparing comprehensive supply measures by even partially releasing greenbelts in locations such as near subway stations, and even utilizing various state-owned military facilities." Expressing that the announcement of supply measures is imminent, he added, "We expect to be able to report to the public soon." Explaining the tax reform plan announced that day, Koo stated that it includes measures to reduce the comprehensive real estate holding tax for primary homeowners with a market value of 3 billion won or less, and to entirely exempt homes valued at 2 billion won or less from the tax. SBS Aug 4, 2026 6:04 AM

Capital Gains Tax Rules to Change: Long-Term Holding Deductions to Be Abolished with a Cap on Deduction Amounts Tax deduction benefits for simply holding a property for a long period are set to disappear. SBS Aug 4, 2026 12:18 AM

Comprehensive Real Estate Tax Shifts to Value and Residency, Raising Burdens for Non-Residents The government has unveiled a real estate tax reform proposal. The framework of taxation has shifted from holding to residing, and from the number of homes to the value of homes. SBS Aug 4, 2026 12:16 AM