Korean Real Estate Acquisition Taxes for Purchase of Real Estate in Korea

The following are the Korean real estate acquisition taxes for the purchase of real estate in Korea. These acquisition taxes are applicable to the purchase of an apartment, land or a commercial property. Taxes in Korea change, often, when new administrations come into office.  Thus, these taxes may change, thus, please consult with your real estate agent and/or accountant. Foreigner may purchase property in Korea, certain restrictions do apply to the purchase of property by foreigners. Basic Taxes Related to the Acquisition of Property in Korea.  Acquisition Tax (with surtax):     4.6% of Purchase Price Recording Tax:                        Zero. Presently, incorporated into Acquisition Tax under recent                                                        amendments to Real Estate Tax Law. Stamp Duty:  

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