In recent years, if there is one area where both the ruling and opposition parties have been united in tax reform, it is the policy on the rental industry. In most tax reforms, the two sides show fierce differences in their positions and confront each other, so the tax reform bills proceed as legislation…
There is a tax called window tax. It is a tax that triggered the French Revolution and led to Louis XVI being executed by the guillotine. In France, people tried to avoid the window tax by reducing the width of their windows, creating the narrow and tall window culture of France. In the Netherlands…
In recent years, benefits for family business succession have improved noticeably. When applying special taxation for gift tax for family business succession, the non-tax deduction limit was increased from KRW 500 million to KRW 1 billion, and the tax rate range for applying gift tax special 10% was also increased from KRW 3 billion to KRW 6 billion...
Owning real estate as a corporation is more advantageous when it is a high-value real estate. However, what should you do if inheritance suddenly occurs? The real estate with the highest asset value among the inherited assets is owned by a corporation, and the real estate in question is disposed of to raise inheritance tax...
Several tax rates on housing have been strengthened in recent years. In particular, it is virtually impossible for an owner of two or more homes or to acquire and own a home as a corporation. In the case of housing, the intention was to prevent tax-saving strategies through corporations, but suddenly...
Recently, I was asked to consider signing a contract for real estate and belatedly purchasing it as a corporation. In the end, the timing of the balance payment was so tight that acquisition as a corporation itself was not easy and did not proceed, but we considered acquisition as a corporation even before the purchase...
Continuing from the previous month's issue. This is a lock-in strategy for brokerage customers in the real estate transaction cooler period. For sellers, consider selling or converting to a corporation after pre-gifting real estate before sale, and for buyers, based on cash assets as purchase funds. Beforehand, develop a cash utilization strategy using family corporations, etc.
Continuing from the previous month's issue. In the case of a building seller, in a market where it is difficult to sell at the right price like the current one, it is better to give a burden or gift. However, if a parent sells the gift to their child within 10 years, the transfer tax is calculated based on the parent's original acquisition price.
In general, when the stock price of a listed stock falls, there is a strategy that large conglomerates most often use. This is a stock transfer for the purpose of succession. In normal times, a lot of taxes are incurred for stock gifts for owner management succession, so the economy…
