Complete Real Estate Tax Guide 2025 (Korea)
2025-10-06
1. Acquisition Tax
Tax paid when acquiring real estate. For housing, rates of 1-3% apply depending on the purchase price and number of homes owned. As of 2025, the rates are: 1% for a single home under 100 million won, 1-3% for 100-300 million won, and 3% for over 300 million won.
2. Property Tax
Tax imposed annually on property owners as of June 1st. For housing, rates of 0.1-0.4% apply based on the official price. Property tax is paid in two installments in July and September.
3. Comprehensive Real Estate Tax
Additional tax imposed on top of property tax for those holding real estate above a certain value. As of 2025, it applies when the combined official price exceeds 1.2 billion won for housing or 500 million won for land.
4. Capital Gains Tax
Tax on profits from selling real estate. Rates vary from 6-75% depending on holding period, number of homes owned, and whether it's in a regulated area. If you meet the requirements for the one-home-per-household exemption, capital gains tax may be waived.