You are here

Seoul to impose capital gains taxes to curb home speculation

From April 2018, owners with more than one house will pay the additional levy

BT_20170803_NSSKPROP3_3016390.jpg
"Residential properties shouldn't be investment products but a home, and any speculative demand should be curbed." - South Korean government.

Seoul

SOUTH Korea will implement capital gains taxes on owners of multiple homes to rein in speculators who policymakers blame for stoking a housing market bubble across Seoul, Busan and other parts of the nation.

Starting from April 2018, those with two homes in the designated

sentifi.com

Market voices on:

Powered by GET.comGetCom