Comprehensive Real Estate Tax

What are the conditions for installment payment of the comprehensive real estate tax?

• 1. If the total property tax exceeds 2.5 million won, it is possible to apply for installment payment.
• 2. If the tax amount is more than 2.5 million won and less than or equal to 5 million won, installment payment is possible for the amount exceeding 2.5 million won.
• 3. If the tax amount exceeds 5 million won, installment payment can be applied for an amount of up to 50% of the tax due.
• 4. If you apply for installment payment of the comprehensive real estate tax, the rural special tax will also be subject to installment payment at the same ratio.
• 5. The deadline for installment payment is within 6 months from the expiration date of the payment deadline.

What are the requirements for deferring payment of the comprehensive real estate tax?

• 1.1 Housing owners of the first generation
• 2. Age 60 or older or holding a house for 5 years or more
• 3. Total salary in the previous tax period is 70 million won or less, while the total income amount is 60 million won or less
• 4. The comprehensive real estate tax amount for the housing portion of the relevant year exceeds 1 million won
• 5. When applying for a deferral of payment, it is necessary to provide a tax guarantee equivalent to the real estate tax amount