S.Korea to offer tax exemption to boost property market

South Korea will take measures to boost its faltering real estate market, including temporary exemptions for acquisition and capital gains taxes, the construction ministry said Monday. 

The first-time home buyers, who earn Antique tubsless than 60 million won ( 54,carbon prepreg000 U.S. dollars) per year and purchase homes valued at less than 600 million won,carbon fabric will be subject to exemption for the property acquisition tax, the Ministry of Land, Infrastructure and Transport said in a joint statement with related ministries including the Finance Ministry. 

No capital gains tax on buyers of home less than 900 million won will be levied over the next five years after the home purchases. The tax exemption will be effective by the end of this year. 

Seoul also planned to reduce public home supplies,Cast iron tubs while restricting the public supply to the homes of less than 60 square meters. 

The size of public fund for financial support to the first- time home buyers will expand to 5 trillion won (4.5 billion dollars) from the current 2.5 trillion won, while cutting the interest rate of loans from the fund to a range of 3.3-3.5 percent from the current 3.As the most original manufacturer of Jaw crusher and grinder,our company have focused on the Roller Crusher practical production demands in mining, chemical , and railway construction.8 percent. 

The debt-to-income (DTI) ratio for the first-time home buyers will be levied depending on banks'own decision, while the loan-to- value (LTV) ratio will be eased to 70 percent by the end of this year.