prolog
Yeom Ji-hoon, tax accountant
Jeong Hyeon-ho, tax accountant

Chapter 1.
How much money can be exchanged tax-free?

Is This a Gift or a Loan?: The Correct Definition of "Given Money" and "Lending Money"
Gift Tax Deduction: What is the maximum I can receive? : Deduction limit per 10-year cycle
Gift Deductions Available Upon Marriage and Childbirth: How to Take Full Advantage of Parents and Grandparents' Chance
How much of a condolence gift or condolence money is permissible under tax law? Evidence, such as a guestbook entry, should be included.
How to Avoid Taxes on Wedding Items: Standards for Gifting Wedding Items, Appliances, and Gifts
How much of a tax credit is allowed for congratulatory and condolence gifts? Event expenses are a hidden gift issue.
Can Splitting Your Recipients Reduce Your Taxes? : The "Distributing Recipients" Strategy
Can Changing the Giver Reduce Taxes? : The "Donor Distribution Strategy" for Family-Based Gifts
What if the recipient is a non-resident?: Saving taxes with joint and several tax obligations
Gift tax paid instead ends up being an additional tax: The trap of gift tax payment in advance.
How to Use Your Mom and Dad's Cards Smartly: Tax-Saving Guidelines for Family Card Use

Chapter 2.
How to safely lend money to family?

Do You Really Need a Loan Agreement?: Why Even Family Members Need One
How to Use a Loan Securely: Tips on Repayment Planning, Notarization, and Investigation
Interest-Free Loans: How Much Is a Good Loan?: Limit Calculation and Precautions
Will splitting a loan between a daughter-in-law and son-in-law reduce taxes? : Separate calculation of gift tax for married couples borrowing
Is it OK for my child to live in my home for free? : Free rental limits and gift standards
How Long Should I Pay Back My Parents?: Practical Advice on Debt Management

Chapter 3.
Interest-free loans to family corporations

Is it OK to lend money interest-free to a family corporation?: The Advantages and Limitations of Family Corporations
Is it embezzlement to withdraw money from a family corporation? : Legal withdrawal methods
How to Incorporate a Corporation: Incorporation Procedures and Preparation Checklist
How should corporate CEO salaries and the four major insurance plans be managed?: Minimum Salary and Insurance Management
Things to keep in mind when purchasing real estate as a family corporation: housing acquisition tax, commercial property acquisition tax
How to Prepare for an Acquisition Tax Overdue Investigation: Preparing for Headquarters and Office Physical Proof

Chapter 4.
How to Give Real Estate to Your Children Tax-Free

Is it better to give real estate or cash?: Tax Comparison by Situation
Is it okay to sell for 30% less than the market price? : Legal limits for low-price transfers
How are market prices determined? : Appraisal and valuation criteria
How to prepare for payment: Beware of actual taxation when transferring at a low price.
What to do when your children can't pay: Using a deposit or loan
Are Gifts More Advantageous Than Transfers? : Case-by-Case Tax Comparison
How are transfer tax and acquisition tax calculated? : Beware of market value and surcharges.

Chapter 5.
Why is a real estate financing plan important?

Who is subject to the filing? : Failure to file may result in a penalty, while filing may result in a tax audit.
How far back will tax audits occur? Up to 15 years, with an average of 3-5 years.
How to Prepare for a Loan: Avoiding Gift Tax with a Loan Agreement
Gift Tax Filing: What Mistakes Should You Avoid?: Common-Law Couples and Non-Residents
How to Write a Loan Proof of Ownership Safely: How to Write a Proof of Ownership That Doesn't Lead to an Investigation
Are Acquisition Tax and Brokerage Fees Subject to Investigation?: Key Costs to Identify in Source of Funds Investigations
What Happens If You Can't Prove Funds for Acquiring Property?: Standards and Exceptions to the Presumption of Gift
Can a Funding Plan Be Justified by a Loan?: Appropriately Applying the Presumption of Innocence
Income and Expenditure Analysis (PCI): How Does the IRS Select Investigative Subjects?: Investigation Selection Methods and Real-World Cases

Chapter 6.
How to safely withdraw money from your bank account

Cash withdrawals: How to avoid being flagged as gifts: Safety guidelines by withdrawal purpose and amount
How to Check Your Parents' Withdrawals: Understanding Rule 1225 and Financial Asset Deductions
What to watch out for when depositing cash: Tax risks for those holding 500 million won in cash
What's the Worst Case for Cash Deposits?: Tax Audit Cases and How to Prepare
Transferring Pre-sale Rights: Will Tax Audits Prevent You from Being Audited? A 40% Surcharge and Penalty Charges
When a Funding Investigation Turns into a Business Investigation: How to Read and Respond

Chapter 7.
A pre-gift strategy that is more advantageous than inheritance

Why Prepare a Will in Advance?: How to Save Taxes Even for Your Grandchildren
Is it really okay to renounce an inheritance? : A will is better than a renunciation of an inheritance.
How to Use Startup Funds: Gift Tax Benefits and Tax Savings
Insurance Subscription: Taxes Vary Depending on Contract and Payment Structure
Is gifting within 10 years really necessary?: Tax savings and market value calculations based on gift timing.
Advantages of Advance Gifts to Others: Strategies for Utilizing Daughters-in-Law, Sons-in-Law, and Grandchildren

Chapter 8.
Capital gains tax: Essential checklist for tax savings

First-Generation, One-Home Checklist: Essential Inspections and Precautions
Who are my generation members?: Criteria for determining generation members
What is the definition of housing? : Including officetels and farmhouses.
Is Two Years Enough?: Residency Requirement in the Adjusted Area
What if I can't live there for two years?: How to Use the Sangsaeng Rental Housing Program
How to Use a Second Home: Tax-Saving Strategies and When to Sell
What are the tax-exempt requirements for inherited housing? : Criteria for determining inherited housing
Understanding the 10-Year Special Provision for Marriage and Cohabitation: How to Receive Tax-Free Benefits
How Does the Residential Housing Tax Exemption Work?: Requirements and Precautions for Long-Term Rental Housing

Chapter 9.
Acquisition tax: Knowing the basics can save you money.

Acquisition Tax: What is Taxable?: Taxable Items and Assessment Standards
Tax base and basic tax rate by acquisition tax type: Calculation method by situation
Is there a way to avoid the acquisition tax overtax? : Generational separation and tax-saving strategies
Acquisition Tax Reduction Regulations: What You Need to Know: Benefits for First-Time Home Purchasers and Childbirth/Childcare Home Purchases
What houses are excluded from the heavy tax assessment? : Exceptions to the calculation of the number of houses
There's also a temporary second home for acquisition tax purposes: Refund requirements and application methods.
How much tax will I have to pay on a house I received as a gift? : Inheritance vs.
Difference in donations
Sons Pay Regular Tax, Daughters-in-Law Pay Higher Taxes?: Tax Differences in Gift Taxes Between Family Members

Chapter 10.
When will the tax audit come out?

When will an inheritance tax audit occur? From selecting the subject of the investigation to notification of the investigation and the process.
Will I be subject to a funding source investigation?: Risks and Checkpoints by Funding Type
Why and when do transfer tax investigations occur? : Timing of the investigation, causes, and appeal procedures.
Why Are National Tax Service Employees So Hardworking?: Misconceptions About Investigators and the Real Reason
Tax Audits: How to Respond: What to Say and Do During an Investigation

Chapter 11.
Make full use of the National Tax Service's Hometax

How to check for other gifts within the past 10 years: How to check past gift history
Can I file my own gift tax return? : Follow the Hometax regular filing process.
How much is my apartment worth?: How to check the prices of similar sales cases.
Can I check my parents' advance gift at the tax office? : How to check details before filing an inheritance tax return
Can you know how much inheritance tax you'll pay in advance? : How to use Hometax's simulation calculator.
How to File a Capital Gains Tax Estimate: Simple Filing Procedure and Precautions

If you don't know, pay. If you know, don't! Everything you need to know about legal tax avoidance in real life.
From wedding favors and allowances to loans and real estate transfers... Safe money transfers permitted by law.

"The Art of Giving and Receiving Money Tax-Free" is not a book that simply lists tax laws.
This book focuses on real-life situations readers encounter, from family financial transactions and real estate transfers to responding to tax audits. It offers practical solutions to the question, "How can I legally reduce my taxes and protect my assets?"
In other words, it is not a simple tax law commentary, but a practical manual that can be applied immediately to situations that anyone encounters in real life.

First, it provides key information about gifts in everyday life and financial transactions between family members.
From small monetary transfers like New Year's money, wedding gifts, dowries, and gifts, to free rentals and loan agreements between parents and children, and interest-free loan limits, we explain the legal limits of things we often overlook.
It doesn't simply ask, "Can you give or not?", but clearly states how to give and receive safely.

Next, we will cover family corporations and real estate transfer strategies.
It presents key know-how for asset transfer, including how to legally manage funds using a family corporation, the allowable limit for transferring real estate below market value, appraisal standards, and solutions to children's payment capacity issues.
In this process, we compare the pros and cons of low-cost transfers and donations, helping readers make the most rational choice.

It also covers in detail how to prepare for tax audits and source of funds verification.
It contains practical response strategies, including tips for writing a financing plan, utilizing a loan agreement, selection criteria based on income and expenditure analysis, and risks that may arise when depositing or withdrawing cash.
By disclosing the actual tax audit process and the practices of the investigating officials, you can prepare for the situation without unnecessary anxiety.

Finally, we introduce inheritance/gift strategies and how to use the National Tax Service's Hometax.
It presents legal tax-saving principles through specific examples, such as the timing of advance donations that are more advantageous than inheritance, special provisions for donations of startup funds, the use of insurance subscriptions, simulation calculations of inheritance tax, and inquiries about past donations.
Another unique strength of this book is that it provides step-by-step guidance so that anyone can file and prepare for taxes directly using Hometax.

This book consists of 11 chapters, but you don't have to read them in order from beginning to end.
Readers can select and read the chapters they need based on their immediate curiosity or the situation they are facing.
This is a practical tax-saving manual that allows you to find solutions tailored to your individual situation, whether you're a parent preparing for your child's wedding, an employee who has received a tax audit notice, or an investor considering gifting real estate.

"The Art of Giving and Receiving Money Tax-Free" is not a book that simply lists legal provisions.
This is the most needed tax-saving guidebook today, containing practical strategies for legally protecting assets and reducing taxes within the National Tax Service's regulations.