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  • michs
  • Veteran

    • 175

    • March 04, 2013, 10:32:49 am
    • Daejeon
Free housing or the housing allowance?
« on: February 07, 2014, 01:55:28 pm »
Anyone know about the tax consequences as the 400k housing allowance is taxed as income.

Specifics: I'm moving apartments and have to pay key money regardless. The apt is only 380,000, so if I take the allowance, 20k extra in my pocket a month.


  • Menlyn
  • Super Waygook

    • 487

    • March 05, 2012, 02:10:21 pm
    • Suwon
Re: Free housing or the housing allowance?
« Reply #1 on: February 07, 2014, 01:57:34 pm »
The housing allowance is supposed to be taxed, and it's supposed to be added to your severance.

In practice, this doesn't always happen and anything goes.


  • taeyang
  • Moderator - LVL 4

    • 5496

    • September 08, 2010, 08:35:10 am
    • daejeon
Re: Free housing or the housing allowance?
« Reply #2 on: February 07, 2014, 01:59:42 pm »
it's taxed either way. it's still counted as income.
use google to search the site

site:waygook.org XXXX

replace 'XXXX' with your search term


Re: Free housing or the housing allowance?
« Reply #3 on: February 07, 2014, 02:00:34 pm »
The housing allowance is supposed to be taxed, and it's supposed to be added to your severance.

In practice, this doesn't always happen and anything goes.

I work for a public school, which does everything legally. My housing is definitely not added into my severance. Where did you get that information?