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Seoul to impose capital gains taxes to curb home speculation

From April 2018, owners with more than one house will pay the additional levy
Thursday, August 3, 2017 - 05:50

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"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

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