First-time homebuyers reduce acquisition tax even if they do not actually live

The government has revised the enforcement decree to maintain the acquisition tax reduction even if the tenant is unable to move in due to the remaining lease period after acquiring a house for the first time in his life. The revised enforcement decree will take effect from the 16th.

The Ministry of Public Administration and Security announced that the revision of the Enforcement Decree of the Local Tax Restriction Act, which contains these contents, was decided at the Cabinet meeting on the 9th.

According to the revised enforcement decree, if you purchase a house with a house value of less than 1.2 billion won for the first time in your life, you can be exempted from acquisition tax within the limit of 2 million won.

Until now, if you did not live in the house regularly within 3 months after the date of acquisition of the house, you had to pay the reduced acquisition tax back. Existing tenants living in the purchased house did not receive any reduction or exemption if the remaining lease period was more than 3 months.

However, in the future, even if you do not actually live within three months, you will be able to receive a reduction in acquisition tax if you purchase a house with a lease period of less than a year for the first time in your life.

The only exceptions to regular residence within the previous three months were when the eviction of existing residents was delayed and a delivery order was applied or a lawsuit was filed, and the transfer report was maintained in the existing house to counter the lease deposit.

With the government's decision to revise the enforcement ordinance, the reason for this exception is even if the lease period of the first house acquired in life remains within a year.

The Ministry of the Interior and Safety explained that it is an improvement plan designed to support the reduction of acquisition tax even if a house with a remaining lease period is acquired in consideration of the purpose of reducing the acquisition tax for the first time in life, which is to support end-users.

Date: 2023-05-09

Reporter: 서화목