Shall we do joint ownership or individual ownership? Among the questions you ask me, this is a very common and always asked question. I will clearly organize that for you today. To start with the conclusion, 87.5% is in favor of joint ownership. Now, what about the remaining 12.5%? Let me explain that. Yesterday, I happened to come across this article by chance, not from the mainstream media, but from a local source, so it was hard to find. It is very well organized. In fact, when it comes to joint ownership, it usually ends with acquisition tax, holding tax, and transfer tax, right? However, besides that, there are detailed reports as well. So, with gratitude, I will organize and explain it to you. It's the 75th anniversary of the founding. It was published by the Chungcheong Ilbo on the 29th of March 2021. This was written by reporter Park Ji-young.

Thank you. It seems like the person who wrote this is here separately. Do you know about Jeong Yeon-kyung, CFP, SF, POP? It's an international certified financial planner. There is CFP, and there is also something like a BMO CF, right? When I was in college, there was something like this, too. CFA. CFA was a bit more challenging for me. There are Level 1 and Level 2, but when I studied this in college, it didn't quite fit me like a finance jigsaw puzzle. I found accounting and legal aspects more suitable. Jeong Yeon-kyung seems to have some expertise in this field. There are issues with the economy again. Beside the volume of Korea, the lecturer said, Now I am a certified financial manager, a national certified qualification. With that, I will now delve into the specifics. Let's discuss the pros and cons of joint ownership and sole ownership.

Everything is here. With this, you can just stop watching this video. Let's see. Real estate involves buying, holding, and selling houses. Taxes are imposed on various things like gifts, inheritance, etc. Let's take a look at how taxes are levied step by step and how they change according to whether it is held jointly or individually. Individual ownership means that one person owns the property when purchasing real estate. Joint ownership means that two or more people or entities share ownership. The conclusion of acquisition tax when acquiring real estate is the same. Acquisition tax incurred when acquiring real estate is not based on the person but on the acquisition cost. For example, when buying an apartment, the tax is based on the acquisition cost of the apartment, whether it is individually or jointly owned.

When you cross over 3%, what you're going to do is omit the red-lined herbal medicine tax. So, out of 10 billion, 3% is 300 million. Therefore, 30 million comes out, and if it's a single person out of the 30 million, everything is possible. If it's joint, then we split it. So, 15 million each, no losses or gains. So, it comes out the same. Just to note, for amounts below 6 billion, it's 1%, and for 9 billion, it's 3%. So, from 6 billion to 9 billion, it was announced that it will be calculated by multiplying by 3 divided by 2, like this, moving linearly. A point of jumping effect appears, but to eliminate that jumping effect and threshold effect, it was changed for amounts between 6 billion and 9 billion. Just knowing this much should be enough. Anyway, what I need to remember is, below 6 billion is 1%, above the kitchen is 3%, and in between 6 billion and 9 billion, it goes linearly. Once again, between 6 billion and around 7.52 billion, it's advantageous, and above that, it's disadvantageous.

Oh, the atmosphere. What is this all about? The atmosphere is at 4, right? Well, you all have seen this a lot, right? So, up to this point, it's 1%. But suddenly, if it becomes 6, it jumps to 2%. And when it reaches 9, it becomes 3% again. This is the original 2%, right? So, there's a problem with this. How do we change it? If there are 9 billion, then 6 billion is still 1%. Now, with 9 billion, it becomes 3%. By adjusting the middle like this, we raise it linearly. So, what do we need to do? In the middle, it's obvious that it's 7.5 billion. Based on 7.5 billion, the acquisition tax goes down a bit below, which is advantageous. And for amounts above this, the tax rate is a bit higher, so we separate them. That's why we changed it last year. So, when I was lecturing, I mentioned something about 50 units.

You know, if you put more than 750 million won now, the acquisition tax will go up, so the house prices will go up more. That's what they said. Oh, that word became a curse. Then, the 7 million won will converge again. The acquisition tax ends. Property tax. Property tax is based on the assessment date, which is June 1st every year, divided into two payments, 50% each. Even if you hold it for just one day based on June 1st, you have to pay property tax for a whole year. This is the overall situation. At this time, something is overlapped, causing some disputes between the seller and the buyer. Nowadays, everyone knows about this. Information is usually shared, so both parties are informed, and if one side doesn't know and just passes by, there may be some problems or disputes in that area.

That's right. Anyway, the way it came out is like this. For example, in July, the building tax is divided by half, and in September, the land tax is also divided by half. And here, it is divided into joint ownership by several people. In this case, the acquisition tax is applied once according to the total amount, and then divided into shares. Therefore, even if it is jointly owned, the tax is the same regardless of the number of owners. Even if it is jointly owned, the tax does not decrease. So, looking at it so far, you might think, Then there is no need for joint ownership, and you could just proceed without worrying about ownership. However, this is not recommended. Why? Because next comes the property tax and most importantly, the transfer tax. From 100% onwards, joint ownership becomes advantageous. Let's look at the property tax. The government's basic policy is that the taxpayer is not one household but each individual. Here, the important thing is that...

We received an unconstitutional ruling, so individuals are now required to become taxpayers. Depending on the number of properties owned and whether they are high-priced homes, additional comprehensive real estate taxes will be imposed. This is also very important because the taxation standard is based on the property owned as of June 1st. The crucial point is that property tax, which includes homes and land, is calculated separately for each type and the total amount is determined based on the publicly announced value. This is a very important point, and you all need to understand the background and history. You may not have heard this elsewhere. Property tax is managed by local governments, while comprehensive real estate tax is handled by the National Tax Service. These property and comprehensive real estate taxes are closely related because they are based on the same ownership.

When you add up the three pieces of information, it becomes two types, right? So, because of that, after the property tax is assessed, when you later pay the comprehensive real estate holding tax, you need to subtract the overlapping part from this property tax. By doing this, the risk factor disappears. However, property tax is handled by the local government, and the comprehensive real estate holding tax is handled by the local tax office and the National Tax Service. Even though they are part of the same Republic of Korea government, how can these two departments work together seamlessly and cooperate closely in their tasks? Or in reality, are there some barriers between these organizations? Some people might suggest that it should be operated by a single team for efficiency. It may sound a bit idealistic, but they seem to have a somewhat rosy outlook on society. After just one year of working in a company, what kind of way do you lose? As soon as you enter the company, it's the same. The CEO's evil for the company.

Together, what needs to be done is that the HR team is for the purpose of the HR team, and the accounting team is for the purpose of the accounting team. So, these two departments have a bit of organizational hegemony for their own power. So, what I want to convey is that it's not as beautiful as you might think. That's why property tax is the target of the task. If the local government thinks it's done well, they just take the data from the tax office and calculate the comprehensive real estate tax. The reason I'm saying this is because of officetels. Officetels are originally for business facilities, but most of them are just used for business purposes.

Sometimes, when an officetel is subject to property tax as a residential property, when does that happen? There are exactly two cases. First, when it is registered as the main residence, this cannot be avoided. When it is registered as a rental property, the second is when applying to change the property tax to residential use. In this case, why would the owner apply for it? Because the property tax for residential use is slightly cheaper than for business use. So, to save a bit on this, some people change it to a residential property to save tens of millions of won in tax. Then, if you change it like this, they will change the classification. So, even though the officetel is designated for business use, once it changes to a residential officetel, it will be subject to residential property tax from then on, and they will include it in the property tax assessment, which is very important. So, please think carefully about the point I just mentioned, especially if you are considering buying an officetel or an apartment.

Please think about how you can save on taxes. I won't mention it on the broadcast, so think about it. Anyway, when it exceeds 600 million won at a similar official price per individual, capital gains tax is incurred. For example, if the publicly announced price is 230 million won, 320 million won, and 200 million won for the total of land and real estate, when it exceeds 600 million won, capital gains tax is imposed. The tax rate for capital gains tax is 0.6% to 3%. The key point is that for the first property, it is 0.6% to 3%, and for the second property, it is 1% to 6%. It's a bit complicated, but let's be precise. It's not that all multiple homeowners are included; adjustments are made regardless of the type of house or region. Do you understand? So, for multiple homeowners and regardless of the region, the tax rate is 1% to 6%, and for others, it is 0.6% to 3%. Therefore, for comparison, if it's the second property, it's 0.6% to 3.3%. It's not that the tax rate is 1% to 3.3% for the first property.

Do you understand? The basis of the comprehensive real estate tax is not based on a three-generation unit but on individual tasks. So, even if a single-family homeowner owns one house, if the number of households is the same, including parents, an additional tax will be applied even up to 300 million won. Therefore, the standard taxable value will be 95% in 2021, and if you own a house worth 1.2 billion won, please take a good look at this example. In the case of a single-family with one generation, if you own clothes and books, and in the case of a single-family with two generations, if you renovate the kitchen for 1.2 billion won, you will have to pay comprehensive real estate tax starting from 300 million won. However, in the case of a single-family with two generations, there are additional deductions for the elderly or long-term ownership, which will reduce the comprehensive real estate tax. If it doesn't apply to you, it's not relevant. But if you jointly own it with your spouse, you can reduce it by 60 million won per person without any conditions. So, if you subtract 22 billion won from 12 billion won, the government won't tax you at all. So, in this case, it is definitely advantageous in terms of comprehensive real estate tax to have joint ownership.

Here, earlier it was mentioned about property tax subjects, but it would be better to specify it more accurately as housing property tax subjects. Thank you for mentioning the beautiful cedar tree. Anyway, that is very important. For example, for corporations, from point 1 to 6% is applied to multiple housing owners. So, the adjustment is 6% for housing, regardless of the region, and for other properties, it is 3%. Therefore, different rates are applied depending on the amount. It's not scary, just apply a flat rate of 3. You should know that there is an issue with that, actually. There is an issue with treating entities and individuals with different rights and obligations equally. It's also an issue to pay 3% or 6% flatly. Well, those who are more knowledgeable will take care of it, so I'll pass on that.

When you sell real estate, should we consider the transfer tax? The transfer tax is a little high. It's always advantageous to have joint ownership. If you have joint ownership, the transfer tax is advantageous. If the number of owners increases, the basic problem for each person increases by 250 million won. So, we have a basic deduction of 250 million won each. This total amount is not 250 million won, but for each person, it increases by 250 million won. However, if a husband or wife owns it alone, then there is only one 250 million won deduction. If a couple has joint ownership, then it's 250 million each separately. It's unlikely, but if you have three children, then it will be 250 million each for three people. Also, since the income amount is distributed by individual owners, it is always advantageous in public ownership. However, the transfer tax is slightly reduced.

If I may explain, you can think of it like this. For example, if I have one house, and if I sell this house under individual ownership, let's say the capital gains tax is 300 million won. However, if it's under joint ownership, this 300 million won will be split, let's say 150 million won each. Therefore, the total amount decreases immediately, and an additional tax of 2.5 million won arises. This can only be done once, so if this amount is reduced, the possibility of decreasing the tax is very high, around 38%. However, if it goes below 150 million won, then...

At Ilsan Jokbal, 65 out of 20 are shot at 24%. Anyway, 3 is reduced from us, so now we have 2 left, and since we have an additional 2.5 million won, Yangju City has no choice but to be advantageous. [MUSIC] However, now in terms of transfer tax, what you need to be careful about in transfer tax is a bit different story. I mentioned a little while ago about residential officetels and apartments, but in the case of property tax, depending on whether it is for housing or for business, the comprehensive real estate tax differs. That's what I'm saying. When it comes to transfer tax, everything changes in front of that. Transfer tax just looks at whether it was actually used for residential purposes or not. Just look at that, regardless of property tax or comprehensive real estate tax. So, think of it a little differently. Regarding that, there are things you can confirm, like the contents of the move-in declaration, and so on.

Using water can be for business and home use, so it can be confirmed by that. Therefore, these things are not done to show off the office itself, but rather because this person owns a high-priced house or has one. They have Op 3, but instead of selling the office, they sold the high-priced house first. A friend who saw the office is involved. So now, this is going to the tax office. When they looked at it, they found out that it was used for a funeral. It's an unreasonable excuse because it's a second house, it can be considered as a business, right? No, it can't. Therefore, you should be careful about such things. Usually, articles end here with acquisition tax, transfer tax, holding tax, and transfer tax. The reason I'm mentioning this is because of rental income tax, gift tax, and inheritance tax. What I want to say here is that inheritance tax and gift tax are 0, just production.

Min-ah, why don't you go see a lawyer? I would like to talk about this issue. Now, let's talk about comprehensive income tax. It is applied individually from 6% to 42% based on the income level. For rental income tax, it is calculated by deducting necessary expenses from the rental income to obtain the taxable income for tax deduction, and then applying the appropriate tax rate again. When this is done, a lower tax rate is applied. For example, if the rental income is 40 million won, and the transfer tax is the same. Let's say the transfer amount is almost 300 million won, but if you divide it in half, it becomes 150 million won each, right? It's the same with rental income of 40 million won; if it's jointly owned, it can be divided into 20 million won each. By doing this, the amount decreases, and the tax rate can also decrease. The good thing is that it can go down to below 2,000,000 won.

There can be three classifications, right? Yes, but what was classified in the video I showed the day before yesterday? They discussed comprehensive taxation, what should be done, what was that? They had a serious debate at a certain committee in the National Assembly. That's right, so you need to keep track of these things. You should also know that rental income is divided like this, and in the case of an upward trend, progressive tax ranging from 10% to 50% is applied. When the property is dispersed, of course, the tax effect is significant. In the case of joint ownership by a married couple, since the property is divided in half, only inheritance tax is imposed on the share, allowing for tax savings. Especially in the case of inheritance tax, there should be a spouse for the additional 5-minute system, right? So, usually until October, inheritance tax doesn't come up. Yes, of course, the current situation with the G value is a bit problematic, isn't it?

Now, however, inheritance tax came out like this, and rental income also came out, but there is more content behind. These things were quite good. So, when changing a single-name residential property to a joint name, you can reduce the annual additional property tax, transfer tax, inheritance tax, etc. But what does this mean? Up to this point, since I have to do the broadcast now, for those who are now wondering if they should change to a joint name instead of a single name, what I want to say to them is this: When changing a single-name residential property to a joint name, you can reduce the annual additional property tax, transfer tax, inheritance tax, etc. However, in the process of changing the ownership, there are costs such as acquisition tax, certificate issuance, and adjustments for gifts between spouses. It is important to note that it is not 3 billion but 3 hundred million when exceeding the designated area in the local area, and when it is important, it is not 1/3/1 subject but the correction area and the public price exceeds 3 hundred million.

When you throw it away, this is an important step. Hb pro comes out, right? So, you need to be careful about that. Do you understand? Yes. And important things come out. Especially, when rental income occurs to a spouse who is not precious, the health insurance premium changes from a dependent to an insured person, and you have to bear the burden of the four major insurances such as the National Pension additionally. In other words, when applying for a home mortgage loan, if your credit score is low, the interest rate may be higher and the possibility of loan approval may be lower. We talked about loans yesterday. That's great. But now, here's the problem. The problem here is that you need to do this. What I mean is, actually, this is about the responsibility of rental income for two weeks. In conclusion, if I register and pay the rent, then the standard at that time is the income amount.

It's 10 million won. When it's unregistered, the tax is 4 million won. Why is that? Because if you register, the necessary auction is 60%, and the basic deduction is 400. Of course, this basic deduction should be possible with a different comprehensive income amount of 20 million won. If you calculate it, when it's 10 million won, if you subtract 60%, there won't be much left, right? And then, if you deduct the basic 400, it becomes zero. So, if I register my rental book like this and it exceeds 10 million won, what happens? If it's over 10 million, you will have to pay taxes because it's greater than zero, right? Then, if taxes are due, you have to report your comprehensive income in May, so the data reported to the National Tax Service goes directly to the National Health Insurance Corporation. And in November, I will switch you to a local member. It's August now, right? How much is it?

I don't have much left. Probably, this will continue to come out after about 3 months. This is the key. Using the same logic, if I rent out a property that I didn't register, at that time, excluding 50% of the car cost, the necessary sales will be 202, and if I add 200 again, it will be zero. So, by covering a little more than 4100, taxes will come out the same way. As far as I know, if you don't register as a business, you can deduct costs up to 5 million won, right? I thought that way at first, but when I looked it up, in the National Health Insurance Act Enforcement Regulations, it says that generally self-employed individuals who do not register as businesses are not subject to fees up to 500 million won. I thought it was like that at first, but when I looked it up, it said that for housing rental operators, it is written as an exception or as a prospective housing rental operator.

Even if you are not registered as a business, even if you cannot do business, if you exceed 4 million won, and if you are classified as Grade 3, then you will be immediately converted to a regional member. This is now becoming the core of education. For ordinary business owners, it goes without saying. Ordinary lease business owners should just register as business owners. If you are an ordinary business owner, then taxes must be paid, of course. If it is greater than 0, my rule always applies. It's ordinary. To avoid that, I have to come out as an ordinary lease business owner. There is no reason to do business then. For example, April 6 doesn't exist. And now, what's funny is that here, the basic deduction is 400 million won, like 200 million won, but this is only applicable if the total income is less than 20 million won. However, if it is included in other comprehensive income, uh, as a target of comprehensive disinfection or comprehensive data central disinfection.

The amount has exceeded 2,000 won. Oh, if you have other business income or work for a company, then you can't get this deduction now. Fortunately, it's okay for employees now. If you keep your employee status, it's fine. But if you switch to a regional member, it could be a problem. In the case of loans, you need to look into it. It's unlikely, but if your credit rating is too low, there are cases where you can't get a loan. In the case of public officials, of course, you need consent when disposing of real estate or exercising rights. This can be a bit cumbersome. You have to go to the real estate office every time. Also, when it comes to joint ownership, the disadvantage is that if each of the two people owns one house each, it is considered as one house per person. However, if it's joint ownership, it's considered as one house, so it is subject to comprehensive real estate tax at a rate of 1.2% to 6% from 3 to 1.2. Therefore, this could be a bit difficult and could be a problem. But

If you calculate this and look in the newspaper, when the official high-priced housing formula and the sum of the two reach about 2 billion won, it can be quite burdensome. If it's not a big deal, it's okay. So, basically, there is a tax-saving effect on joint ownership, but because spouses each have to own individually, tax laws may vary depending on each situation. Let's carefully consider whether it is advantageous to have joint ownership. How about that? Are you a joint owner or an individual owner? It doesn't matter for acquisition tax, property tax, or capital gains tax. Joint ownership can be more advantageous. People who own national housing should be careful, while joint ownership is more advantageous for others. Transfer tax is definitely more advantageous for joint sales, but what about rental income? Rental income is different. It can be converted to local residents in the case of supporting dependents. So, if both spouses are working...

Both are working, so they both have dual income. No problem at all. No matter how much it is, they should always share it. In that case, what should be careful is that they should both share the joint name, so each should just pay their respective funds. However, if one side becomes too dominant or if one side pays everything, it can still be a problem. The issue arises from the source of funds. If they bought something worth 2 billion and need to pay 1 billion each, but one side paid the full 2 billion because they love the other too much, that wouldn't work, right? Now, the question of whether joint ownership is advantageous will come up. It's not just good for me, but for you too. If you have any questions later, I will provide the link to this video. How was it? It's unlikely, but here.

If there are any changes or new information about this, I will explain it to you through videos immediately. So if you found it helpful, please like and subscribe. After subscribing, if you turn on notifications, I will quickly deliver the updated content to you each time. Sometimes, some people say that my notifications come a bit late. If you join Telegram, you may receive notifications faster. I just checked, and we have reached 5500 subscribers. Well, as things have progressed to 5500 subscribers, I am grateful for the support from viewers of my other channels. One thing I would like to share is that maybe some of you already know, but recently, when you update KakaoTalk, in the middle, there is Kakao View. This is now another...

I think it will be a channel and my platform, but I am a bit busy as a partner there now, so I can't do much. So, I am thinking about what I can do through that to provide some information to you all. Therefore, what I am currently focusing on and organizing will be shared a lot as it is organized. So, those who are listening to our original members and all the students from next year, it would be nice to have a good name starting from next year. For example, April Membership is too common, right? If you are curious about where my studio is, those who will watch with me, please ask, it will be fun. Even if you listen again and again, it can be confusing. Yes, that's right. So, the clothes uploaded on YouTube are nice. Since you can listen continuously without any time constraints, it seems good. If you also found it helpful, then

Anyway, today, we had a great time chatting in front, and I appreciate you watching the long video to the end. I will wrap up the previous content. Only close friends can watch this. Oh, and speaking of close friends, we need to have a special lecture by our members and invite a guest speaker. Currently, the membership special lecture is scheduled for August 27th. I am planning the membership lecture for August 27th. It will be on a Friday night, the last Friday night of the month. Also, we are thinking of inviting a guest speaker around that time. Understand? Yes. So, we are planning to do that, and we will also discuss recent stories and try to cover topics like setting up a one-person corporation. If you want to participate in the member's special lecture, please join the membership. I will wrap it up with just one link now.

I will wrap up here. Thank you, everyone. Have a great day. Part-time job 5.

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