2024-04-17 13:43:24
In order to prevent regional extinction due to rapid population decline, the government is actively promoting the ‘Second Home’ policy, which provides tax benefits for one house per household even if one buys an additional house in a declining population area. do.
Experts say that it will have some policy effects, such as increasing the population living and visiting local areas. However, as this is an issue that requires legal revision, it is unclear whether it will be able to overcome the threshold of the National Assembly amidst the ruling and opposition parties.
According to the ‘Three Types of Projects for Reviving Areas with Declining Population’ announced by the government on the 15th, the government grants special tax treatment to ‘one home per household’ even if an existing homeowner acquires one additional house in a declining population area.
The target homes are those with a publicly announced price of 400 million won or less, which usually correspond to acquisition prices of 600 million won or less. Areas subject to special exceptions are 83 population-decreasing areas nationwide, excluding the metropolitan area and metropolitan cities. The government plans to apply the second home policy to homes acquired after January 4th of this year, when it was first announced.
In particular, if the second home tax special treatment is applied, the tax burden is greatly reduced compared to before the special treatment was applied. Property tax will be reduced by 940,000 won (KRW 3.05 million → 2.11 million won), comprehensive real estate tax will be reduced by 710,000 won (KRW 750,000 → 40,000 won), and capital gains tax will be reduced by 85.29 million won (KRW 85.51 million → 220,000 won). This is the government’s explanation.
Experts initially evaluated the government’s move positively, but predicted that the policy effect would be limited.
Lee Eun-hyeong, a researcher at the Korea Construction Policy Institute, said, “This is a positive direction as the disappearance of rural areas due to population decline is a planned future,” adding, “When people from cities spend their weekends in rural areas, local neighborhoods become ‘no-man’s lands’ with no people living there.” “Because it’s better,” he explained.
However, he added, “Even if second home special provisions are granted, it is highly likely that they will only be used mainly in well-known major cities or tourist areas.”
Ham Young-jin, manager of Woori Bank’s Asset Management Consulting Center, said, “In some large local cities where the population is decreasing and aging, future population risks are a big issue for the housing market due to worsening residential conditions in underdeveloped original cities, slums, and neglect of empty houses in rural areas.” I was concerned.
He said, “It is expected that areas such as Gangwon-do, which mainly have demand for leisure, tourism, and retirement, will benefit. However, it is limited for all regions with underdeveloped infrastructure, such as traditional urban and rural areas or garden cities, to benefit.”
The need to seek cooperation from the opposition party is also cited as an obstacle. This is because, considering the situation at the National Assembly, there is a high possibility of encountering opposition from the opposition party. This is because it provides tax benefits to those who own multiple homes.
An official from the Ministry of Strategy and Finance said, “To implement the second home special system, we plan to propose an amendment to the Restriction of Special Taxation Act (Special Taxation Act) this month and revise the enforcement ordinance of the Local Tax Act in June.”
Reporter Kim Jeong-hyeon Photo News 1
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2024-04-17 13:43:24