105 Buying Out The Other Tenant in Common – PART 2

Gun-Ho received a phone call from the son of the co-owner of the land in Gangdong District.

"Oh, you are the son of the co-owner? How are you?"

"I tried to convince my father. I told him several times already that 4 billion won is way too high for the property interest he is holding since there is a market price that says otherwise."

"Did your father change his mind?"

"He is worried about the capital gains tax after he sells his property interest."

"Your father has been retaining the land for an extended period of time, so he won't have to worry about the tax. It won't be much at all."

"Right. I talked with a friend of mine who is working as a tax accountant. He said the same thing that the tax my father has to pay won't be much."

"I think so."

"Let's just make it 3.5 billion won! My father still insists on his price, but I think I can persuade him with 3.5 billion won."