@article{ART001214175},
author={Kyung-Hwan Kim},
title={On Reforming the Taxation of Housing in Korea},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2007},
volume={17},
number={2},
pages={193-214}
TY - JOUR
AU - Kyung-Hwan Kim
TI - On Reforming the Taxation of Housing in Korea
JO - Korea Real Estate Review
PY - 2007
VL - 17
IS - 2
PB - korea real estate research institute
SP - 193
EP - 214
SN - 2092-5395
AB - This paper seeks to explore long-term directions for reforming the taxation of housing in Korea as well as identifying the short-term measures that need to be undertaken to address more immediate issues. This is done based on the theory of the impact of housing-related taxes on rent, house price, new production and volume of trading of housing presented in chapter II and the principles of taxation reviewed in chapter III. The paper recommends that, in the long run, the comprehensive real estate tax be repelled and replaced by the standard local property tax, that the acquisition tax and the registration tax be merged into a nominal tax equivalent to a fee for title registration, and that the capital gains tax be made a function of the size of the capital gains and not the number of houses the taxpayer owns. As for short-term measures we suggest that some scheme be devised to protect those house-rich and cash-poor households, especially the elderly, and that the capital gains tax be partially lowered.
KW - optimal tax burden;comprehensive real estate tax;capital gains taxes;transactions tax;circuit breaker and tax deferral
DO -
UR -
ER -
Kyung-Hwan Kim. (2007). On Reforming the Taxation of Housing in Korea. Korea Real Estate Review, 17(2), 193-214.
Kyung-Hwan Kim. 2007, "On Reforming the Taxation of Housing in Korea", Korea Real Estate Review, vol.17, no.2 pp.193-214.
Kyung-Hwan Kim "On Reforming the Taxation of Housing in Korea" Korea Real Estate Review 17.2 pp.193-214 (2007) : 193.
Kyung-Hwan Kim. On Reforming the Taxation of Housing in Korea. 2007; 17(2), 193-214.
Kyung-Hwan Kim. "On Reforming the Taxation of Housing in Korea" Korea Real Estate Review 17, no.2 (2007) : 193-214.
Kyung-Hwan Kim. On Reforming the Taxation of Housing in Korea. Korea Real Estate Review, 17(2), 193-214.
Kyung-Hwan Kim. On Reforming the Taxation of Housing in Korea. Korea Real Estate Review. 2007; 17(2) 193-214.
Kyung-Hwan Kim. On Reforming the Taxation of Housing in Korea. 2007; 17(2), 193-214.
Kyung-Hwan Kim. "On Reforming the Taxation of Housing in Korea" Korea Real Estate Review 17, no.2 (2007) : 193-214.
