Hello, everyone! Today, we will take a closer look at the ‘Newborn Acquisition Tax Reduction’ policy, which can be good news for newborn families, starting in 2024. Please note if you are a family raising a child. I hope you don’t miss out on the acquisition tax reduction of up to 5 million won, and I’ll let you know! 신생아 취득세 감면
In this article, I will tell you the specific conditions of the neonatal acquisition tax reduction, how to apply, and the precautions to know. And I will also share useful tips so that you can make the most of the benefits, so please keep an eye out until the end of the article!
What is neonatal acquisition tax reduction? jasminevista.com
From Jan. 1, 2024 to Dec. 31, 2025, families who gave birth to a newborn baby will be exempted from up to W5 million in acquisition tax if they acquire a house! This is part of the government’s policy to encourage childbirth to address the low birth rate, which aims to provide financial support to many newborn families. 
a reduction in neonatal acquisition tax
What are the conditions for the neonatal acquisition tax reduction?
Target period: Families who gave birth to newborns between January 1, 2024 and December 31, 2025
Housing price: One house for one household with less than 1.2 billion won
Conditions of application: One household must be one house within three months from the date of acquisition of the house, and the notification of move-in must be completed
Limit of reduction: 5 million won in acquisition tax exemption (amount exceeding 5 million won is subject to taxation)
What should I be careful about?
After receiving the reduction, if you move out your resident registration or sell, give, or rent a house within three years from the lock payment date, you may be charged a reduced tax amount and additional tax! So it would be good to keep this in mind and apply for it!
a reduction in neonatal acquisition tax
How to apply and required documents
I need the following documents to apply for the neonatal acquisition tax reduction, and I’ll briefly tell you!
Application for reduction of acquisition tax (to be placed at the district office)
A copy of the resident registration, a family relation certificate (Government 24)
A certified copy of the register (Government 24)
Certificate of Homeless Persons (Supreme Court Internet Registry)
a real estate contract
You can prepare these documents and submit them to the tax department of your city or county office, and it is best to contact your nearest tax department for more detailed information related to the application process. However, if you prepare the above documents in advance, you can shorten the time!
Among the required documents above, “a copy of resident registration, a family relationship certificate, and a copy of the register” can be issued on the Internet, so I’ll leave you a link below!
Government24 Shortcut
Shortcut to the Supreme Court’s Internet Registry
a reduction in neonatal acquisition tax
Frequently asked questions!
Q: I already received my first ever home acquisition tax reduction, can I get an additional neonatal acquisition tax reduction?
A: Yes, you can. You can get both benefits if you meet the conditions for each reduction.
Q: I’m expecting a baby, can I get a house in advance?
A: Yes, houses acquired within a year before the birth date may also be eligible for exemption. However, you can also receive benefits if you acquire a house within 5 years after giving birth, so please check the details.
concluding article
So far, the neonatal acquisition tax reduction has come out as a policy that can be of great help to many families with childbirth. If you can take advantage of this opportunity to ease any financial burden, I think you should make sure you catch it! I hope my writing has helped you get some good benefits for the tax reduction! Thank you for reading.
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