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#1세대1주택 2 posts

Korea's Long-Term Holding Deduction: 40% Held Plus 40% Lived

For a single-home household, Korea's long-term holding deduction adds 4% per year of ownership to 4% per year of residence, capped at 80%. Miss the three-year holding or two-year residence test and only a 2%-per-year general deduction remains.

Policy & RatesSep 2, 20266 min

Korea 1-Home Capital Gains Exemption: 2-Year Rule and 1.2B Line

A single-home household is exempt with 2 years of ownership (2 years of residence in regulated areas) and a sale price under 1.2 billion won. Here is the apportionment formula for the excess and the 80% long-term deduction, worked through examples.

Policy & RatesJul 25, 20264 min