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Multiple-home owners face up to 82.5% capital gains tax
May 10, 2026
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South Korea reinstated a heavier capital gains tax on multiple-home owners Sunday, raising the potential tax burden on property sales in regulated areas as the government moves to cool housing prices. The four-year suspension expired Saturday as planned, reviving the additional levy for owners of two or more homes who sell properties in areas subject to real estate regulations.
The measure adds a surtax to the basic capital gains tax rate of 6 percent to 45 percent. Owners of two homes face an a
The korea Herald News
Coverage and analysis from South Korea. All insights are generated by our AI narrative analysis engine.
South Korea
Bias: center