@article{ART001975066},
author={손경숙 and Kim, Ji Hyun},
title={Introduction of Smart League System on Capital Gain Tax of Real Estate},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2015},
volume={25},
number={1},
pages={105-122}
TY - JOUR
AU - 손경숙
AU - Kim, Ji Hyun
TI - Introduction of Smart League System on Capital Gain Tax of Real Estate
JO - Korea Real Estate Review
PY - 2015
VL - 25
IS - 1
PB - korea real estate research institute
SP - 105
EP - 122
SN - 2092-5395
AB - Current tax system on gain from transfer of real estate has been bringing out the following problems: complexity of taxation, hindrance of horizontal and vertical impartiality on taxation, inefficient allocation of resources. Although there have been various preceeding researches in order to overcome the above mentioned problems, they have not suggested the specific policy means. Hereupon, we suggest ‘Smart League System’ as better capital gain tax system on transfer of real estate.
Under the ‘Smart League System’, taxpayers are divided ‘Smart League’ where capital gain tax plans are decided according to predefined principle referring to the fluctuation of real estate market and ‘Social League’ where tax plans are decided according to social welfare system. In other words, the smart league follows market principle of capitalism where the role of government is just to take custody of fair rule which every participants can expect regardless of real estate market fluctuation and the participants plays based on self calculation and risk-taking. Whereas, the social league who needs the governmental protection and supports pursues residential stability rather than capital gains.
The results of simulation analysis using virtual data set show that ‘Smart League System’ effectively solve the critical problems of current capital gain tax system including tax-free benefit for one house for one family and special deduction for long-term holding. Moreover, most of taxpayers are able to calculate their capital gain tax of real estate transforms thanks to simplify and clarity of predefined principles of Smart League System.
KW - tax equity;smart league system;price fluctuation;real estate price fluctuation
DO -
UR -
ER -
손경숙 and Kim, Ji Hyun. (2015). Introduction of Smart League System on Capital Gain Tax of Real Estate. Korea Real Estate Review, 25(1), 105-122.
손경숙 and Kim, Ji Hyun. 2015, "Introduction of Smart League System on Capital Gain Tax of Real Estate", Korea Real Estate Review, vol.25, no.1 pp.105-122.
손경숙, Kim, Ji Hyun "Introduction of Smart League System on Capital Gain Tax of Real Estate" Korea Real Estate Review 25.1 pp.105-122 (2015) : 105.
손경숙, Kim, Ji Hyun. Introduction of Smart League System on Capital Gain Tax of Real Estate. 2015; 25(1), 105-122.
손경숙 and Kim, Ji Hyun. "Introduction of Smart League System on Capital Gain Tax of Real Estate" Korea Real Estate Review 25, no.1 (2015) : 105-122.
손경숙; Kim, Ji Hyun. Introduction of Smart League System on Capital Gain Tax of Real Estate. Korea Real Estate Review, 25(1), 105-122.
손경숙; Kim, Ji Hyun. Introduction of Smart League System on Capital Gain Tax of Real Estate. Korea Real Estate Review. 2015; 25(1) 105-122.
손경숙, Kim, Ji Hyun. Introduction of Smart League System on Capital Gain Tax of Real Estate. 2015; 25(1), 105-122.
손경숙 and Kim, Ji Hyun. "Introduction of Smart League System on Capital Gain Tax of Real Estate" Korea Real Estate Review 25, no.1 (2015) : 105-122.
