Check Property and Acquisition Taxes in Apartment App... Samsung C&T's Homeniq Integrates AI Tax Service

Real Estate Transaction Price Data Integration to Begin Next Month

The Construction Division of Samsung C&T has added a real estate tax analysis service to its apartment life platform, Homeniq. With this addition, prospective residents and current residents can now use the application to calculate major taxes such as acquisition tax, property holding tax, and capital gains tax in advance, as well as review their past tax filing records.

On April 29, Samsung C&T announced that, in partnership with the artificial intelligence (AI) tax solution provider NewEye, it is offering the "TaxEye (TAX AI)" service through Homeniq. Homeniq is a residential platform (app) operated by Samsung C&T, providing convenient apartment living features such as home IoT control, community facility reservations, and vehicle management. This partnership adds a tax analysis function to the existing lifestyle management features.

Screen of the "TaxEye" service introduced in Samsung C&T's home platform "HomeNic". Samsung C&T

Users can access TaxEye through a dedicated page within the Homeniq app to analyze real estate tax refunds, including capital gains tax and comprehensive real estate holding tax. For those preparing to move into new apartment complexes, personalized AI tax analysis is available through pre-simulations of major taxes, such as acquisition tax, that may be incurred at the time of moving in. Samsung C&T explained, "This helps reduce the risk of excessive or incorrect tax payments and the burden of penalty taxes resulting from filing errors."

Starting next month, Samsung C&T plans to introduce an integrated service that combines tax information linked to the real estate actual transaction price disclosure system with asset market price information.

Homeniq users can use the tax simulation service—normally priced at 15,000 won per case—free of charge up to 10 times. In addition, users who complete an analysis of their past estimated capital gains tax refunds are eligible to receive a coffee coupon as part of a promotional event.

NewEye, the operator of TaxEye, is a Busan-based startup founded in 2022 by a former tax accountant. Using its proprietary AI algorithm, it has analyzed 9.3 million tax cases and built a database that reflects daily changes in tax law from 2020 to the present. The company also holds a technology patent for identifying tax deductions that were not applied by comparing past tax returns with current tax laws. NewEye won the top prize (Minister's Award) at the 2024 Ministry of Land, Infrastructure and Transport Real Estate Service Startup Competition, and its accumulated number of visitors reached 550,000 as of last year.

Soyoung Ji, Executive Director and Head of the H&B Platform Business Team at Samsung C&T, stated, "With the addition of specialized tax services, Homeniq has been further upgraded to enhance apartment living convenience," adding, "We will continue to develop the platform so that it takes responsibility for customers' entire residential life, regardless of the move-in date."

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