- 상속세와 증여세 면제한도
- 상속세 증여세는 상속자의 사망으로 재산을 이전하거나 증여했을 때 부과하는 세금입니다. 상속세와 증여세는 어떤 차이가 있는지와 세금 계산법을 알아보고, 상속세와 증여세 면제한도를 자세하게 설명해 드리도록 하겠습니다.
Inheritance and gift tax laws changed in 2024! This is essential information if you plan to receive an inheritance or gift from your parents. This article will explain the basic concepts of inheritance and gift tax, as well as the revised regulations for 2024, in a simple and detailed manner.
Why should you understand inheritance and gift tax?
- Tax burden on inherited property: Inheritance tax is levied when inheriting property from parents.
- Tax burden on gifted property: Gift tax is levied when receiving a gift of property from parents during their lifetime.
- Tax savings: Inheritance and gift taxes have complex tax laws, but understanding and planning properly can reduce the tax burden.
What is the difference between inheritance tax and gift tax?
Inheritance and Gift Tax Exemption Limits
In short, inheritance tax is the tax levied when inheriting property after the parents' death, while gift tax is the tax levied when receiving a gift of property during the parents' lifetime.
2024 Inheritance and Gift Tax Revisions: What Changed?
- Expanded inheritance tax deduction for children: Starting in 2024, the inheritance tax deduction for children has been significantly increased from 50 million won per person to 500 million won.
- Newly established marriage and childbirth deduction: A deduction of up to 150 million won is allowed for property received as a gift upon marriage or childbirth.
- Tax rate reduction: The highest tax rate for high-net-worth individuals has been reduced from 50% to 40%.
How are inheritance and gift taxes calculated?
Inheritance and gift tax rates vary depending on the tax base and are calculated by applying deduction items. For accurate tax calculation, it is advisable to seek professional assistance.
Inheritance and Gift Tax Questions?
- Q. Is inheritance tax levied on real estate located abroad?
- A. Yes, it is subject to domestic inheritance tax.
- Q. Can paying gift tax in advance reduce inheritance tax?
- A. It may be advantageous in some cases, but a careful decision should be made after consulting with a professional.
- Q. What happens if inheritance and gift taxes are not paid?
- A. Surcharges will be imposed, and you may suffer disadvantages such as payment reminders.
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