Mr. Kim faced a setback when he was charged 121 million won in transfer tax after selling a house he bought eight years ago. He failed to apply for a tax exemption for single-home owners who have held their property for more than two years, due to an officetel he owned and rented for residential purposes. The National Tax Service has published ‘Underline, Real Estate Tax Checkpoint’, which outlines common mistakes taxpayers make when reporting real estate transfer tax, and emphasized the importance of accurate and honest reporting.
Original Article: Read More
Auto-posted at: 2025-03-15 09:03:46