Gov't to exempt owners of multiple homes from heavier tax if they sell by May 9
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The government will exempt owners of multiple homes from higher capital gains taxes should they file for sales permits by May 9, the finance ministry said Thursday. The move follows President Lee Jae Myung's directive earlier this week to introduce supplementary measures giving people owning multiple homes extra time to sell properties before the exemption ends, with the law imposing higher taxes set to take effect May 9. The ministry said the grace period for owners of multiple homes in designa
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