Multi-Home Capital Gains Tax Surcharge Resumes, Top Rate at 82.5%

South Korea’s capital gains tax surcharge on multiple-home owners resumes today after a four-year suspension. Under the renewed system, people who own multiple homes may face a higher capital gains tax burden when selling property, with the top rate cited at 82.5%. The restart matters because a rule that had been paused is now being applied again, directly affecting property transactions and tax calculations. Multiple-home owners need to check their tax burden according to the timing of sale and the number of homes they hold. Source: yna.co.kr