Rumors of Tax Overhaul: Holding Tax Hike Rumors Spread by “Street Sheet” in Securities Circles

Rumors of Tax Overhaul: Real Estate TF Meeting and the “Street Sheet” Claims

Rumors of Tax Overhaul: Online real‐estate forums recently circulated a “street sheet” claiming that the government’s Real Estate TF set holding‐tax rates at 1% for homes under ₩1B, 1.2% for ₩1B–3B, and 1.5% above ₩3B. It also mentioned expanded land‐trade restriction zones and a ban on mortgages over ₩1.5B. In reality, the TF met on June 12—before the June 27 measures—and the street sheet merely recycled past rumors, making it a confirmed hoax. 강남 사무실 인테리어 업체

Seoul Price Gains Fuel Calls for Holding Tax Reform

According to KREI data, Seoul apartment prices rose 0.29% in the first week of July. Limited high‐end new supply and the “one smart home” trend have sustained gains, prompting calls to raise holding taxes on high‐end properties to curb speculation. A NBO‐A study found that under current tax rules, single‐homeowners in Seoul may carry lower overall tax burdens than multi‐homeowners in other regions.

Caution from Government and Ruling Party

The ruling party labels holding‐tax reform as a “last resort” and has no immediate plans to raise rates. Policy Committee Chair Jin Sung‐jun stated, “With market stabilization focused on loan regulations, tax adjustments are not under consideration.” A government official added, “Overhauling property taxes now could send the wrong signal; it’s not in the current plan.” Instead, emphasis is placed on fundamental measures like boosting housing supply. auction market