Yoon vows to fix tax system to stabilize housing market

Yoon Seok-youl, the presidential candidate of the main opposition People Power Party. (Yonhap)

Yoon Suk-yeol, the presidential candidate for the main opposition People Power Party (PPP), said on Saturday he would fix the country’s tax system to stabilize the housing market.

“The current government thought that the spike in house prices was caused by speculative demand from multiple homeowners, or their hoarding and hoarding in the market, but that’s not true,” Yoon said on 3Pro TV, a YouTube channel on the economy. “I will streamline the tax system, so that timeshare properties can be offered on the market.”

Yoon hinted that he would ease heavy capital gains taxes for several homeowners if he wins the upcoming presidential elections.

“You need to increase capital gains tax moderately, but because it has increased too much compared to gift tax, people are not selling their properties, but giving them to their children,” he said. he declares.

Regarding rental units, Yoon said the market should provide more of these units because the public sector cannot do it alone. He also expressed a negative opinion on setting ceilings on the sale prices of apartments before construction.

Regarding the stock exchange and its short-selling system, the former attorney general called for a “balanced” development.

“At a time like this when the financial market is unstable, I think it is better for us to impose temporary regulations and follow international standards once the situation improves,” he said. he declares. “It’s not a problem that you can decide with a ‘Yes or No’ answer by just looking at one side of the picture.” (Yonhap)

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