김민석 “1주택자 부득이한 비거주 사유, 폭넓게 인정해야”

As discussions on real estate tax reforms continued, Democratic Party of Korea and government officials, including the Blue House, convened a high-level policy consultation meeting on the 23rd to finalize the details of the property tax reform proposal. Kim Min-seok, the Democratic Party's representative, expressed his stance on the eligibility criteria for exempting cohabitating homeowners from inheritance tax and comprehensive property tax deductions.

Kim Min-seok requested a re-evaluation of the basic deduction for inherited property and the upper limit for tax contributions on inherited property (150%→200%). Speaking at the 10th high-level policy consultation meeting held at the Government Office in Seoul's Jongno District, Kim Min-seok said he felt it was necessary to broadly acknowledge the various circumstances of homeowners who were compelled to vacate their primary residences.

He interpreted this as extending the timeframe for calculating inherited and comprehensive property taxes to include reasons for vacating the property.

Earlier, the government had included options in the proposed tax reform proposal that reduced the inheritance tax basic deduction for inherited property from 12 billion won to 9 billion won and increased the tax burden limit for inherited property to 200%. Kim Min-seok expressed that deeper consideration was needed for these proposals.

The proposal also included increasing the tax burden limit for inherited property from 12 billion won to 14 billion won, and raising the tax burden limit for inherited property from 150% to 200%. Kim Min-seok stated that these proposals should be reconsidered, and the proposal to convert long-term capital gains tax to long-term residence income tax was analyzed for its potential impact on the housing market.

Regarding the government's housing supply plan, Kim Min-seok emphasized the need to mobilize all available tools and methods to meet the demand for housing. At the high-level policy consultation meeting, Kang Hoon-sik, the presidential office's special assistant, stated that President Jeong Moon-yeong's recent remarks at the National Legislative Assembly indicated that the tax reform proposal was not a predetermined policy, but rather a starting point for listening to the opinions of the people.

Kang Hoon-sik reiterated that the government was open to all reasonable opinions and would not hesitate to incorporate them into the policy.