other

Joint-title single-home exemption

A South Korean tax election, introduced in 2021, that lets a married couple who jointly own one home be assessed for the comprehensive real estate holding tax as though a single owner held it.

Known aliases

joint-title single-home special provision

Relationships

No evidence-backed relationships are recorded.

Current clusters

invest1 publisher

Korea's tax office takes over the holding-tax choice that can cost a couple 5.28 million won

The 2021 exemption for jointly titled single-home owners saves one 63-year-old couple 248,000 won and would cost a 49-year-old couple 5.28 million, so the National Tax Service will now calculate it and refund past overpayers.

Publishers:en.sedaily.com

Reality

Evidence55
Adoption30
Hype gap+15
Incentives65
Confidence55