Article 141 (Special Cases for Taxation on Real Property Registration in the Name of a Real Owner)

① Where real property for which a real-name registration has been made pursuant to Article 11 of the Act on Real-Name Registration of Real Estate shall be one parcel and its value is 50 million won or less, and any of the following applies, taxes already exempted or imposed at a reduced rate, or taxes not imposed, shall not be additionally collected. In this case, the scope of real property for which a real-name registration has been made and the calculation of its value shall be prescribed by Presidential Decree. 1. Where, in accordance with Article 89, Subparagraph 3 of the Income Tax Act, the nominal owner and the household members who live together with the nominal owner have received a tax exemption for the transfer of one house per household before the enforcement of this Act, and in the event that the transfer of the house becomes ineligible for the tax exemption due to the real-name registration. 2. Where imposing gift tax, which has been subject to tax liability for the nominal owner before the enforcement of the Act on Real-Name Registration of Real Estate, pursuant to Article 32-2 of the former Inheritance Tax Act (prior to amendment by Act No. 5193, December 30, 1996).