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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

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


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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