President Lee Jae-myung proposed extending the capital gains tax surcharge moratorium for multi-homeowners — set to expire on May 9 — to cover cases where land transaction permit applications are filed by that date. He simultaneously ordered a review of revising enforcement decrees to allow single-homeowners to sell properties with tenants still in place.
"Currently, it is understood that one must complete the land transaction permit and sign the contract by May 9, so considering the permit approval process, people seem to think that selling becomes impossible after mid-April," Lee said at a Cabinet meeting held at the presidential office Cheongwadae on Tuesday. "I wonder if we really need to be that strict."
