earticle

영어

This study reviews an overview of the current local tax system of real estate and provides the directions for developing tax system for real estate in the Local Tax Law. The taxation of acquisition of real estate are Acquisition Tax, Registration Tax, and Local Education Tax. The taxation of holding real estate are Property Tax, Aggregate Land Tax, Urban planning Tax, Community Facility Tax, Farmland Tax, Business Place Tax, Inhabitant Tax, and Local Education Tax. The property tax system was renewed by reinforcing taxation on real estate holdings. This includes a progressive aggregate land tax consolidating the property tax on land. In addition, the tax burden on a land-holding should be raised up.