📅 2025-10-06
Learn about the various taxes involved in purchasing and owning real estate in Korea. We've compiled the major real estate taxes including acquisition tax, property tax, and comprehensive real estate 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.
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.
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.
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.
Real estate taxes are complex and frequently change, so it's advisable to consult with a tax professional before making important decisions.