The benefit of reducing capital gains tax by paying into a pension account when selling real estate will end at the end of next year. If a basic pension recipient disposes of a house they have held for 10 years or more and deposits the proceeds into their pension, they were able to receive a 10% tax credit deduction within a limit of 100 million won until now, but due to low actual use, it will be abolished. In addition, the tax credit for the installation and operation of corporate sports departments and esports departments is expected to be converted into a financial project. The VAT exemption for heating services in permanent rental housing will also be changed to financial expenditure. The government explained that these changes are aimed at providing direct financial support to low-income earners who pay less taxes, and normalizing temporary exceptions.
