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Munhwa Ilbo
PickK
[Exclusive] Low-cost real estate transaction between family members
Get hit with a tax of up to 129
Sangmin Jang and 2 others
Entered 2025.10.24. 12.04pm
Original text of article
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gaga
Blocking illegal donations of ‘wealth passed down through generations’
Signs of jeonse drying up and monthly rents skyrocketing
Until now, even if it was a transaction between family members, if it was proven that a certain amount of money was actually exchanged, it was recognized as a paid transaction, so only 1-3% acquisition tax had to be paid.
However, the revised bill stipulates that if a transaction is made between a special relationship, such as a spouse or child, at a significantly lower price than the market price, it is considered ‘acquisition by gift’, and a tax rate of up to 12% is applied to high-priced homes in areas subject to adjustment.
After the law is passed, the Ministry of Public Administration and Security plans to include specific standards in the enforcement ordinance with the goal of implementation in January of next year.
https://www.munhwa.com/article/11541780