Policies · Under review · 2 sources combined
Daegu attracts public institutions
100% acquisition tax exemption
In short
Daegu City has announced settlement support measures in preparation for the second wave of public institution relocations.
The transfer rate for children of relocated agency employees will increase from 2% to 5% for school admissions.
The city is also pursuing a plan to cut acquisition tax by 100% for homes of 135㎡ or less.
Key facts
| When | Daegu City announced a comprehensive support plan on the 15th. |
|---|---|
| Who | Daegu City is supporting executives, employees, and families of the second wave public institution relocation targets. |
| What | It has prepared 20 tasks and 43 detailed plans across 7 areas: housing, transportation, childcare, education, and more. |
| How | The city will implement its own initiatives immediately and propose tax incentives to the central government. |
What it means for me
Daegu residents can receive some benefits such as discounts on public facility usage.
Employees of relocated public institutions can receive acquisition tax exemptions and school admission benefits for their children.
