Prologue: Inheritance tax and gift tax are no longer taxes for the rich!

Inheritance tax and gift tax are different.
The 2024 Amendment, Filled with Disappointment | Residential Real Estate Now Subject to National Tax Service Appraisal | Inheritance Tax Gone, Inheritance Tax Coming | Pros and Cons of the Inheritance Tax | Swift National Assembly Passage is Essential for the Inheritance Tax

Chapter 1.
Inheritance Tax: What You Must Know to Protect Your Money

Inheritance and gift tax common sense essential even for those who are not rich
I'm leaving my property to my children, and they want me to pay taxes? ｜ Aren't inheritance and gift taxes only for the wealthy? ｜ If you're smart, you can reduce your taxes.

Chapter 2.
Inheritance Tax Minimization Strategies to Avoid the Tax Bomb

Is inheritance tax really a tax for the rich?
Inheritance tax that can hit at any time ｜ Inherited real estate must be sold within 6 months to avoid capital gains tax ｜ Other people own the property, but I pay the inheritance tax ｜ Inheritance tax does not recognize filial piety ｜ How to maximize inheritance deductions ｜ Excessive advance gifts are toxic ｜ If you don't know about advance gift property, give up on tax savings ｜ Inheritance tax calculation method is more complicated than gift tax calculation

Inheritance Tax Savings ① Tax-saving strategies to prepare ahead of time before the start of inheritance.
Be diligent to reduce inheritance tax ｜ Consider making a gift in advance when you turn 70 ｜ A will is essential to pass on property to your grandchildren ｜ Inheritance tax is lower when a couple divides property fairly ｜ Reduce taxes with a housing pension ｜ Reduce inheritance tax by lending money instead of just giving it away ｜ Should I sell my parents' real estate in advance or inherit it? ｜ Take advantage of opportunities to buy real estate under my parents' name at a low price ｜ Subscribe to life insurance with my children's money ｜ Return money received without reporting gift tax quickly ｜ How to maximize the inheritance tax deduction for financial assets ｜ Write a will to avoid inheritance disputes

Inheritance Tax Savings ② Everything You Need to Know After Inheritance Begins
Two keywords for inheritance tax savings ｜ Prepare thoroughly for inheritance tax reporting ｜ To whom will the inheritance go, spouse or children? ｜ Should I report it even if there is no inheritance tax? ｜ Consider the situation when using spousal inheritance ｜ Know-how to apply special tax rates for real estate acquisition tax ｜ Who benefits from inheriting a house with special inheritance? ｜ Should I also report money sent by parents via bank transfer?

I'm no exception to the inheritance tax audit.
You too can be audited | Who is audited for inheritance tax? | Tax audits vary depending on the size of your assets | It's best to undergo an inheritance tax audit as soon as possible | How does an inheritance tax audit proceed? | If you've been unfairly assessed inheritance tax, try this method.

Chapter 3.
The Best Strategy for Perfect Gift Tax Defense

Gift tax is levied even on family members
Keywords for tax exemption of living expenses and education expenses | Only common sense is allowed for New Year's money and wedding gifts | When getting married, make sure to use your parents' chance | Are you asking me to pay gift tax even though I didn't receive any assets as a gift? | Tips for avoiding taxes through account transfers between family members | Simple gift tax calculation method that even elementary school students can do | How to self-filing gift tax

Gift Tax Saving Method 1. There is a separate tax saving method for cash gifts.
If I secretly give cash, do I not have to report the gift tax? ｜ Can cash withdrawals avoid the National Tax Service's surveillance? ｜ The more you share with your family, the less gift tax you pay. ｜ The trend is to give gifts at the same time as birth. ｜ Savings savings can also be used for gifts. ｜ How to legally use cross-gifting. ｜ The gift deduction for start-up capital is not the best tax-saving method. ｜ Write a loan agreement and leave a record of principal and interest repayment. ｜ True tax-saving is to avoid interest income tax. ｜ Even the National Tax Service knows about excessive borrowing. ｜ Cross-borrowing that maximizes interest-free borrowing. ｜ If you just write a loan agreement and don't pay it back, won't they know?

Gift Tax Savings Tips ② Stock Gifting Know-How Only the Rich Know
Two Ways to Donate Stocks | Donate Foreign Stocks That Profited | Self-Reporting for Donating Stocks | If You Operate a Corporation, Donate Corporate Stocks

Gift Tax Savings Method ③ Expert Tax-Saving Real Estate Gifts
When gifting real estate, get the market value first ｜ Taxes vary depending on the date of market value determination ｜ Sales case price based on the value of surrounding apartments ｜ Worst case where the market value from two years ago is applied ｜ Find a favorable and safe appraisal value ｜ Gifting subscription rights and occupancy rights is dangerous without an appraisal ｜ Does the National Tax Service also appraise non-residential real estate? ｜ Three pitfalls of gifting real estate based on the publicly announced price ｜ Gift a house with monthly rental income first ｜ A tax-saving secret known only to a very small number of people, a lid gift ｜ If you receive a gift of real estate, is it impossible to sell it for 10 years? ｜ Gift the real estate as a share right before selling it

Be careful when giving a burden gift.
Gift with a burden that incurs debt ｜ Why do I have to pay transfer tax when I just made a gift? ｜ Weigh the pros and cons of a general gift and a gift with a burden ｜ What kind of real estate should I make a gift with a burden? ｜ Does the recipient have the ability to repay the debt?

How to Prepare for a Gift Tax Audit
The trend in tax audits is the source of funds investigation ｜ When you become a target of a source of funds investigation ｜ The whole family is subject to tax investigation even though you only purchased one house ｜ How to legally avoid a source of funds investigation ｜ If you are a full-time housewife, start by taking advantage of the spousal deduction ｜ Make sure to write a perfect financing plan without any flaws ｜ There are also real estate properties that do not require a financing plan ｜ How to write a financing plan smartly ｜ What supporting documents should you prepare ｜ Things to be careful of when asked to provide an explanation of a financing plan

Chapter 4.
Advanced tax-saving techniques utilized by the wealthy in Gangnam

Why are real estate transactions between family members advantageous?
Selling to family members can be 30% cheaper than the market price. ｜ Use low-price purchases in joint ownership between spouses. ｜ Beware of capital gains tax penalties. ｜ Only sell at low prices when the source of the purchase funds is clear. ｜ Is an appraisal required for family transactions? ｜ Link family transactions to lease agreements.

Family corporation that reduces taxes and protects assets
What is a family corporation? | Pros and cons of establishing a real estate corporation | Remember the 100 million won tax savings through a family corporation | The pinnacle of family corporation tax savings: how to utilize the prepayment.

“Aren’t inheritance tax and gift tax taxes paid by the rich?”
We become complacent with the prejudice that the rich are taxed more, and end up paying taxes we don't need to!

Did you know that the number of people paying inheritance and gift taxes has exploded in recent years? According to statistics, inheritance tax payers quadrupled and gift tax payers nearly tripled in the ten years since 2012.
The idea that inheritance tax and gift tax are taxes only paid by the rich is a 'prejudice' that is different from reality.
At the root of this is rising real estate prices.
This is because the rapid rise in real estate prices has led to an increase in the value of property.
Nowadays, we live in a world where even if you own just one house, you have to worry about inheritance tax and gift tax.

Inheritance and gifting are the processes of passing on to children the property that parents have worked hard to build.
If an ordinary person does not prepare for the tax with the complacent thought that it is a tax they do not have to pay, a significant portion of their wealth will be taken away as a result.
In particular, inheritance tax and gift tax are taxes that can legally save hundreds of millions of won or more depending on the size of the property and tax saving laws.
Wouldn't it be unfair to pay unnecessary taxes simply because you didn't prepare in advance? The earlier you prepare, the greater the savings on inheritance and gift taxes.
While the top 1% of wealthy individuals hire professionals to save money on taxes, isn't it unfair that ordinary citizens, burdened by the burden of hiring a tax accountant, are left to pay the full amount? If you want to protect your precious assets, you must be diligent.
《The Art of Inheritance and Gifting That Even the National Tax Service Doesn't Know》 will teach you the tax-saving techniques that were secretly shared among the wealthy.

Inheritance tax, which comes with death, is absolutely unavoidable like death itself?
You can save on taxes by taking care of everything from advance donations to special real estate tax rates!

If your parents suddenly pass away one day, you may not have time to think about things like inheritance tax because you will be in a state of panic.
But the National Tax Service does not take individual circumstances into account.
Unlike gift tax, where the payment date can be adjusted according to the will of the deceased, inheritance tax is difficult to predict when it will be paid, and since all of the deceased's assets are subject to taxation, the tax burden is also high.
However, since the amount to be paid is large, if you make good use of tax saving methods, you can save tens of millions of won.

This book explains what to do before and after the commencement of inheritance, so that you can prepare for inheritance tax reduction in a timely manner.
This book goes through the key points to keep in mind when making a 'pre-gift', which is the key to tax savings before the commencement of inheritance, and helps readers understand through real-life examples.
We advise you not to forget that you can avoid taxation after 10 years from the date of the advance gift, as well as other easily overlooked items that can be claimed as inheritance deductions, such as unpaid utility bills, rental deposits, and funeral expenses.

After the commencement of inheritance, we provide detailed instructions on how to distribute the inheritance to maximize inheritance deductions.
When considering sibling camaraderie, it may seem best to distribute equally, but we clearly state that this is not the best tax-saving method, and we share the know-how to enable brothers who own a home to receive the same special tax rate as their brothers who do not own a home.

Meanwhile, it points out that ordinary people can be subject to inheritance tax audits even if they faithfully report their inheritance tax and have no suspicion of tax evasion, and provides guidance on what to prepare to avoid being unfairly assessed additional taxes.
You can hear all this know-how from experts with a wealth of real-world consulting experience.

“I just sent money to my family through a bank transfer, and they’re asking me to pay gift tax?”
It's time to reflect on the acts of generosity we've overlooked in our daily lives!

Transferring money between family members is a trivial task that everyone has done at least once.
However, from the perspective of the National Tax Service, all of these actions are subject to gift tax.
If you transfer a large sum of money to your family without thinking or use a bank account in a family member's name, you may be subject to a fine of up to 99% of your financial income.
There is no limit to the living expenses and education expenses given to family members who have a duty of support, but condolence money must be within the range that is socially acceptable.
This means that you cannot avoid taxes if you think complacently, “It’ll be okay as long as we’re with family.”

In particular, gift tax reduction methods vary depending on the type of property to be gifted.
You must choose an appropriate strategy by considering whether the property you wish to donate is cash, stocks, or real estate.
This book categorizes assets into categories and presents tax-saving methods accordingly.
For example, it is advised that you can save on taxes by donating cash in the form of a savings account or a loan, and by donating stocks after considering the return on the stock you wish to donate, or by donating foreign stocks.
Additionally, we emphasize that the core of real estate donation is 'appraisal' and help reduce gift tax by meticulously organizing related information.

The most important thing this book deals with is not ‘tax evasion’ but ‘legal tax avoidance.’
The author, who holds a tax accountant license and has experienced a variety of cases while providing inheritance and gift tax consultations in the field, emphasizes that seemingly trivial requirements can make a big difference in tax savings.
The author, tax accountant Gong Chan-gyu, is a tax expert who conducts hundreds of consultations annually and knows better than anyone that results can vary greatly depending on each individual's circumstances.
So, to help people who are not familiar with tax laws easily understand it, the YouTube channel 'Gongsem TV' and Naver blog 'Gongsem Tax Accountant' are gaining popularity by sharing a lot of information.

The greatest advantage of “The Art of Inheritance and Gifting That Even the National Tax Service Doesn’t Know” comes from right here.
It is not a universal tax saving method, but rather a detailed explanation of tax saving methods that can produce the most advantageous results in each different situation.
By reviewing the examples provided, you can find the tax saving method that is right for you.
At the same time, it helps prevent the possibility of being slapped with a large amount of tax without even realizing it by repeatedly emphasizing small tips that are easy to overlook in real life.
This book is a practical guide that guides ordinary people through the most effective and complete method of legally reducing taxes.