▶ Requirements
1. Generation that paid the balance after January 1, 2024.
2. From January 1, 2024, to December 31, 2025, a newborn baby must be delivered (must be registered in the family relations register)
3. The total acquisition price (supply price + balcony + option) of real estate subject to acquisition tax payment is not more than 1.2 billion won
4. One household, one house
* No real estate other than the real estate subject to acquisition tax payment
* Households with other properties must be disposed of within three months from the date of payment of the balance and become one household and one house
5. The person, his/her spouse, and his/her children must all report the move-in
*Based on the base date of the move-in report
①In the case of acquisition after childbirth, a notification of transfer shall be made within three months from the date of payment of the balance jasminevista.com
②In case of childbirth after acquisition, a notification of transfer must be made within three months from the date of childbirth
6. No resident registration transfer, sale, gift, or lease within 3 years from the date of balance payment
▶ Precautions
Generations that do not meet the requirements after receiving the reduction or exemption (moving out, selling, renting, etc.) will be subject to additional tax and additional taxes. For more information, please contact the tax department of the city, county, and district offices (local governments) under the jurisdiction of the real estate subject to the acquisition tax reduction.
▶ Acquisition tax reduction rate
Exemption of KRW 5 million from the acquisition tax amount (exceeding amount is taxable)
*It corresponds to homes acquired after 2024.1.1. and does not apply retroactively to homes acquired prior to the enforcement date of the Act.
▶ Documents required to be submitted for reductions and exemptions
1. an application for reduction or exemption
▷ After printing the attached file at the bottom of this page, please refer to the following for details
2. a copy of one’s resident registration
▷ If you are a married person and your spouse and the location are different according to your resident registration, issue yourself and your spouse respectively – The same joint name is applied
▷ It must be issued publicly with the full resident registration number of the person and all family members.
3. Family relation certificate
▷ After the birth of a newborn baby, the birth registration must be completed, so the newborn baby must be marked on the family relationship certificate.
▷ If you are a married person, you need both your own and your spouse. – The same name applies to the single joint name
▷ Documents must be issued by selecting ‘detail’ between ‘general’ and ‘detail’,
▷ The full resident registration number of yourself and all your family members must be disclosed.
▶ ▶ FAQ
Q1. I received my first ever home acquisition tax reduction before, can I get a home acquisition tax reduction for childbirth and rearing when I acquire another property?
A1. Yes.
If you meet the requirements of this law, you can receive an acquisition tax reduction or exemption under this law.
Q2. Is it possible to reduce acquisition tax if you gave birth before 24.1.1. and acquired a house after 24.1.1.?
A2. No.
Even if all other requirements are met, it is only possible if you have given birth after the enforcement date of this Act (24.1.1.1).
Q3. Is it possible to reduce acquisition tax if you acquired real estate before 24.1.1. and gave birth after 24.1.1.?
A3. No.
Even if all other requirements are met, it is only possible if real estate is made after the enforcement date of this Act (24.1.1.1).
Q4. 24.4.1. I paid the balance and acquired real estate, but gave birth to a child on 25.1.1. Can I get a reduction or exemption? (Childbirth after acquiring a house within the target period)
A4. Yes.
After the acquisition of the house is reported and paid,
Please apply for a refund of the acquisition tax paid at the time of acquisition after the birth of your child to the tax department of the local government.
Please contact the local government’s tax department for necessary documents and procedures when applying for a refund.
Q5. How much can household income be reduced?
A4. It has nothing to do with household income.
★Be sure to check all of the following before requesting Cheonji-ro to apply for an acquisition tax reduction or exemption for the acquisition of housing for childbirth and rearing.
We inform you that all generations who request Cheonji-ro to apply for acquisition tax reduction or exemption agency must check and apply for the following, and those who apply for reduction or exemption agency agree to the following and assume that they have delegated the application for reduction or exemption to Cheonji-ro.
(1)In order to confirm that it is a homeless household, prior consent to the provision of taxation information and related computerized inquiries is required to confirm whether or not a house is owned pursuant to Article 8 of the Minister of Public Administration and Security (No. 2020-43). In response, we have agreed to collect and use personal information (resident registration number) under Article 24 of the Personal Information Act.
(2)In accordance with Article 36-5 of the Restriction of Special Local Taxation Act, local tax reduction or exemption is applied as above, and the applicant has thoroughly reviewed the precautions of this application, and if the facts differ from those stated by the applicant in the future, it is confirmed in advance that it may be subject to additional collection, including additional taxes, pursuant to Article 53 of the Framework Act on Local Taxes.
(3)We confirm that we have agreed to replace the application for reduction or exemption submitted by the applicant to the head of the local government with a written notice that the amount of tax reduced or exempted may be collected if the exemption obligation is violated pursuant to Article 183 (2) of the Restriction of Special Local Taxation Act.
※ The detailed information in the application for reduction and exemption includes information that Cheonji-ro does not announce individually. In this regard, we inform you that the person who is entrusted with the application for reduction and exemption is not responsible.
Please make sure to check the contents
▣ Where to send mail
[13209]
14, Sagimakgol-ro 45beon-gil, Jungwon-gu, Seongnam-si, Gyeonggi-do (Sangdaewon-dong, Seongnam Forest Lions Valley 2nd round)
In front of the person in charge of Cheonji-ro, a law firm (name of a pre-sale apartment)
※ Sample of application for reduction or exemption