President Yoon Suk-yeol is proposing to reduce the capital gains tax exemptions for registered rental housing providers to encourage them to supply more houses to the market as rental obligations expire.
President Yoon Suk-yeol has initiated discussions on reducing the capital gains tax exemption for registered rental housing providers in South Korea. As the mandatory 8-year rental period for many of these providers comes to an end this year, the government aims to incentivize these landlords to release their properties back into the market. Yoon raised this issue via social media on October 9, suggesting that while there should be a grace period, the tax benefits for registered rental housing should align with those of regular rental housing after the rental period concludes, to create equity.
