48,000 Taxpayers Eligible for Exclusion from Comprehensive Real Estate Tax and Single-Home Special Provision Must Apply by End of This Month

Benefits Applied During November Comprehensive Real Estate Tax Notice
Rental Housing and Employee Housing Excluded from Total Housing Count

The National Tax Service announced on September 10 that it has sent notices to 48,000 taxpayers who are expected to be eligible for exclusion from consolidated real estate tax calculations and special taxation rules for 2026.

Taxpayers who own real estate subject to exclusion from consolidation or special taxation rules must file a report or application between the 16th and 30th of September. If completed, they may benefit from a tax exemption for the relevant property, or be taxed under the favorable conditions for single-home households during the regular tax notice in November.

The Asia Business Daily DB

If a taxpayer has already filed a report or application in the past, there is no need to resubmit, as the previous submission remains valid. However, if there has been a change of circumstance, such as cancellation of registered rental housing, causing ineligibility for the benefit, it is mandatory to report the change.

For exclusion from consolidation, if qualified rental housing, employee housing, or land for new housing construction is reported as excluded, it will not be subject to comprehensive real estate holding tax. Under the single-household, single-home special provision, if applications are submitted for cases such as temporary two-home households, inherited housing, low-priced provincial housing, or homes jointly owned by couples, the taxpayer will be treated as a single-home household for tax purposes. In the case of temporary two-home households, the original home must be sold within three years from the date the new property is purchased.

Starting this year, for jointly owned single homes, when applying for the special rule on tax liability, the taxable person can be designated by agreement among co-owners, regardless of the ownership shares of the applicant and spouse.

Additionally, for newly built small housing, unsold housing in provincial areas after completion, and housing in population-declining (designated) areas, when the special rule is applied for, these homes are excluded from the calculation of the number of houses for tax rate determination. This allows even those owning three or more properties to avoid higher tax rates.

An official from the National Tax Service commented, "By using Hometax, taxpayers can conveniently access various support tools such as the pre-filled service, exclusion diagnosis, and tax simulation calculation." The official added, "If a taxpayer is later found to have failed to meet the requirements after having benefited from exclusion from consolidation or special tax rules, they will be required to pay additional tax along with interest, so extra attention is needed."

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