讓渡所得稅가 住宅價格에 미치는 影響에 관한 硏究

Abstract

The purpose of this study is to analyze the Capital gain tax effects on the housing price. This study proceeds as below; Firstly, what is the meaning and general economic effect of capital gain tax? Secondly, why Goverment's capital gain tax policy changed? Finally, Goverment's capital gain tax policy in 2002 actually have pulling down effect on housing price? I establised hypothesis about the economic effects of capital gain tax, and testified the hypothesis by structural change test method on the time series price of APT since 2000. The objects of analysis includes two APT cathegoris that divided between Seoul, Gwachun, five new towns in capital-area and expensive house. According the analysis, Goverment's real-estate policies including capital gain tax have little effects on housing price. It means, according to hypothesis, that pulling down effect of housing price by the Goverment's capital gain tax is latent yet because of the 'lock-in-effect'. In conclusion, the policy about capital gain tax must keep consistency and gain the confidence from the people, so the policy about capital gain tax must be carried on in perspectives and general rule. And the general rule must reduce the 'lock-in-effect'.