[AKYUNG Poll] 51.6% of Citizens Oppose Capital Gains Tax Relief for Multi-Homeowners

Over 70% of Ruling Party Supporters Oppose 'Capital Gains Tax Relief for Multiple Homeowners'

[Sejong=Asia Economy Reporter Son Sun-hee] More than half of the public oppose the ruling party’s proposal to ease capital gains tax (CGT) on multiple homeowners. In particular, over 70% of the ruling party’s supporters were against it. This is expected to be a pressure factor on the ruling party’s strategy to court multiple homeowners’ votes ahead of next year’s presidential election. On the other hand, responses in favor of easing the comprehensive real estate tax (CRET) led the survey. Despite government opposition, the majority opinion was that the ruling party’s push to pass the ‘virtual asset tax deferral’ bill through the National Assembly was a ‘wrong decision made with election considerations in mind.’

According to a public opinion poll conducted by Asia Economy this year to evaluate economic policies, 51.6% of all respondents opposed the proposal to ease CGT standards for multiple homeowners. Only 36.0% supported it, while 12.4% answered ‘don’t know.’ Especially among the ruling party supporters who positively evaluated the president’s performance, the opposition rate (71.3%) was overwhelmingly higher than the support rate (18.3%). By age group, opposition was strong among those in their 40s (61.0%), and by region, in Gangwon and Jeju (66.7%) as well as Honam region (59.2%).

Regarding the call to ease the comprehensive real estate tax, 44.2% responded ‘in favor,’ surpassing the 39.5% who were ‘against,’ but since this is within the margin of error, the pro and con opinions are considered evenly split.

Regarding the ‘one-year deferral of virtual asset taxation’ passed by the National Assembly through bipartisan agreement despite government opposition, 46.6% of respondents said it was a ‘wrong decision made with election considerations in mind.’

On the financial authorities’ move to tighten loan regulations sharply under the pretext of managing household debt, 60.2% of respondents said ‘loan regulations should be eased to protect actual demanders.’ Only 32.0% answered that ‘loan regulations should be strengthened.’

This survey was conducted by Asia Economy through Win-G Korea Consulting from April 4 to 5 targeting voters aged 18 and over nationwide, with 1,012 respondents and an overall response rate of 7.3%. The survey method was wireless automated response system (ARS) using 100% mobile phone virtual numbers. The sample was extracted by applying weighted values (cell weighting) by gender, age, and region based on the resident registration population as of the end of January 2021 from the Ministry of the Interior and Safety. The sampling error is ±3.1 percentage points at a 95% confidence level. For detailed survey information, please refer to the Win-G Korea Consulting website or the Central Election Poll Deliberation Commission website.

This content was produced with the assistance of AI translation services.