Those who build a house from the purchase of vacant land should apply for a reduction in the amount of real estate acquisition tax payable.
For those who are looking for land to build a custom-built detached house, be sure to process a deferment or exemption from the real estate acquisition tax. Real estate acquisition tax is levied based on the current status at the time of acquisition. If you are planning to build a house, however, you should defer the tax once and tax it on the residential land...
