"Seeking Residents' Opinions on the Real Estate Tax Reform Plan"...Seocho District to Gather Feedback and Forward to Government by the 19th

Tax Seminars on Comprehensive Real Estate and Capital Gains Tax to Begin on August 25

Seocho District in Seoul (District Mayor Jeon Seong-su) announced on August 17 that it will be collecting residents’ opinions on the central government’s “2026 Real Estate Tax Reform Plan” until August 19. The district plans to compile these submissions and forward them to the Ministry of Economy and Finance.

Website Feedback Portal. Provided by Seocho-gu.

This feedback initiative was launched following the public notice for the proposed amendments to the Comprehensive Real Estate Holding Tax Act and the Income Tax Act, with the aim of gathering a wide range of residents’ views on the tax reform plan.

In particular, after the announcement of the reform plan, residents who have lived in a single property for an extended period have expressed concerns and anxieties about increased tax burdens, property rights, and feelings of relative deprivation. The district intends to listen to various on-site opinions directly and convey them to the central government.

Seocho District residents can submit their opinions by August 19 through a comment portal set up on the Seocho District website. Submissions are also accepted in person at the Seocho District Real Estate Tax Division or at local community centers.

Residents who have already submitted opinions directly to the central government via the National Legislative Participation Center may also submit their feedback separately through the Seocho District portal. The National Legislative Participation Center allows direct submission to the government, whereas the Seocho District channel collects residents’ opinions and consolidates them for delivery to the central authorities.

The district will use this feedback process to broadly gather various residents’ views on the tax reform plan and carefully review the concerns and areas of interest that residents raise.

Seocho District will hold a total of three “Real Estate Tax Reform Resident Tax Seminars” to help residents accurately understand the main aspects of the reform plan. The seminars will explain, using real-life examples, the main amendments—such as changes to the comprehensive real estate tax and the capital gains tax—and provide clear guidance on how residents’ tax burdens may shift and strategies for responding. On-site Q&A sessions are also scheduled.

The seminars will take place at 10:00 a.m. on August 25 at the Seocho Cultural and Arts Center, at 3:00 p.m. on August 28 at the Korea Association of Property Appraisers Hall, and at 2:00 p.m. on September 9 at the Simsan Memorial Cultural Center. Any resident of Seocho District may participate by registering in advance on a first-come, first-served basis. Registration can be completed via the Seocho District Office website’s event reservation system or by calling the Seocho District Tax Administration Division at 02-2155-7370~5.

The district will compile the main questions and topics from the seminars to offer future in-person tax consultations, and will also expand tax support services by producing and posting related content online.

District Mayor Jeon Seong-su stated, “The real estate tax system directly affects residents’ property and daily life, so it is crucial to listen closely to concerns and feedback from the field regarding tax reform. We will actively collect a wide range of residents’ opinions and faithfully convey them to the central government, while providing precise and easy-to-understand information about the reform and the resulting changes in tax burdens, so that residents can respond wisely to the new system.”

For more information regarding the submission of opinions, please contact the Seocho District Real Estate Tax Division at 02-2155-6520, 6526, or 6531.

Real Estate Tax Reform Tax Briefing for District Residents Poster. Provided by Seocho District Office.

This content was produced with the assistance of AI translation services.