Korea Tax Chief Warns Against Property Gift Loopholes
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작성자 고영미 기자
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작성일2026-04-29 16:06:23
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The National Tax Service has warned multi-home owners against using property gifts to avoid taxes.
Commissioner Lim Kwang-hyun said authorities will closely examine cases where homeowners transfer properties to their children instead of selling them ahead of tax policy changes.
Property gifts in Seoul have surged, raising concerns about potential tax evasion. Authorities pointed out that some cases may involve undervaluation of assets or improper tax reporting.
The agency also warned that violators could face additional taxes and penalties of up to 40%, signaling stricter enforcement in the housing market.
#TaxPolicy
#RealEstate
#PropertyTax
#TaxEvasion
#KoreaEconomy
#HousingMarket
#NTS
#World Current Affairs & Economy
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