There were 440 assets that had a transfer price of over one billion South Korean won reported as housing transfers for capital gains tax in South Korea in 2022. Figures were lower compared to the previous year but almost 100 units higher than in 2020. Homes valued at over 900 million won are considered to be luxury housing and are subject to higher tax rates.
Number of housing assets with over one billion South Korean won in transfer price reported in South Korea from 2018 to 2022
final report for each year; based on capital gains tax reports on housing transfers
Supplementary notes
The source did not provide a date of publication. The release date used here is the access date.
Transfer price refers to the actual transaction price at the time of asset transfer between the seller and the buyer.
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National Tax Service of South Korea. (February 7, 2024). Number of housing assets with over one billion South Korean won in transfer price reported in South Korea from 2018 to 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1449441/south-korea-housing-assets-with-over-one-billion-krw-transfer-price/
National Tax Service of South Korea. "Number of housing assets with over one billion South Korean won in transfer price reported in South Korea from 2018 to 2022." Chart. February 7, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1449441/south-korea-housing-assets-with-over-one-billion-krw-transfer-price/
National Tax Service of South Korea. (2024). Number of housing assets with over one billion South Korean won in transfer price reported in South Korea from 2018 to 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1449441/south-korea-housing-assets-with-over-one-billion-krw-transfer-price/
National Tax Service of South Korea. "Number of Housing Assets with over One Billion South Korean Won in Transfer Price Reported in South Korea from 2018 to 2022." Statista, Statista Inc., 7 Feb 2024, https://www.statista.com/statistics/1449441/south-korea-housing-assets-with-over-one-billion-krw-transfer-price/
National Tax Service of South Korea, Number of housing assets with over one billion South Korean won in transfer price reported in South Korea from 2018 to 2022 Statista, https://www.statista.com/statistics/1449441/south-korea-housing-assets-with-over-one-billion-krw-transfer-price/ (last visited November 21, 2024)
Number of housing assets with over one billion South Korean won in transfer price reported in South Korea from 2018 to 2022 [Graph], National Tax Service of South Korea, February 7, 2024. [Online]. Available: https://www.statista.com/statistics/1449441/south-korea-housing-assets-with-over-one-billion-krw-transfer-price/
