When a landowner applies for the land value increment tax to be levied at the rate applicable to self-use residential land, they must indicate the designation of "self-use residential" on the land present value declaration form and submit the certificate of building improvements. If the designation is not indicated, the landowner may supplement the application to the local tax authority before the payment deadline; late applications for the self-use residential land tax rate will not be accepted.
For land ownership transfers where the right holder is required to independently declare the land transfer present value or in cases where such declaration is not required, the tax authority shall proactively notify the landowner. If the land meets the criteria for self-use residential land, the landowner must apply within 30 days from the day following receipt of the notification. Late applications will not qualify for the self-use residential land tax rate on the land value increment tax.