If the inheritance exceeds the tax-free amount, the tax must be paid before the inheritance, otherwise the property cannot be transferred. Many people are forced to abandon their inheritance or raise money because they do not have a "reserved tax source". Early planning and legally enlarging the reserved tax source can ensure that the hard-earned wealth can be smoothly passed on to future generations and avoid the family from facing the pressure of huge inheritance taxes.
As long as you save 10,000 yuan a month for 12 consecutive years, you will have the opportunity to build an asset of 1.5 million yuan. At the same time, you will start to receive rewards from the first year, which will increase year by year, up to about 55,000 yuan per year. As long as the principal is not moved, this cash flow can even last a lifetime. In the long run, not only will the principal remain, but the total amount of rewards may far exceed the investment, becoming one of the sources of stable income after retirement. This is a stable long-term savings strategy that can be customized according to personal conditions.
If part of the house is used for business and the rest is for self-residence, you can still apply for self-use tax rate and tax savings. Property tax, land tax and real estate tax can all be levied separately according to the proportion of use. The key is to clearly divide the use, declare honestly and apply in time to legally achieve the best of both worlds: "self-residence, business, tax saving and tax exemption".
Property taxes have become more expensive this year, mostly because the property was not declared as a self-occupied residence, resulting in the non-owner-occupied tax rate being levied. Property Tax 2.0 has been implemented since 2015, and the tax rate for owner-occupied properties has been reduced to 1%, while the maximum tax rate for non-owner-occupied properties is 4.8%. If you miss the declaration, the Ministry of Finance has extended the deadline to June 2. Remember to transfer your household registration and apply as soon as possible to enjoy the preferential tax rate.
A certain citizen registered his house in the name of his underage son, hoping to enjoy the NT$4 million tax exemption on owner-occupied land and the 10% tax rate concession. However, his son lost his eligibility when he sold the house and was unable to enjoy the concession. It is reminded that the person who registers the property must be the individual, spouse or minor child, and must have actually lived in the property for six years in order to enjoy the tax savings benefits. It is important to avoid an increase in tax burden due to incorrect registration.
After moving into a new home in Yilan, we encountered water and electricity problems. The original owner shirked responsibility and hired a plumber whose workmanship was rough and the connections were improper, resulting in water seepage. Repairs were repeated but to no avail. I ended up doing the repairs myself and improving the design to avoid future pipe burst risks. I lamented the uneven quality and disappointing low professionalism in the plumbing and electrical industry, and it would be better to do it myself.
Solar panels have many uses. Just a small piece can help you borrow energy from nature. Not only can it provide simple electricity, but if the number of pieces supplied is enough, it can also save the whole family from worrying about high electricity bills in the summer.
Just buy a router that can accept a 4G LTE SIM card and remember it should come with an RJ 11 phone…
Investment-type insurance is not completely tax-free, but it does enjoy the advantage of tax deferral. During the internal operation of the policy, asset appreciation and dividends are not taxed, but if the policy is terminated or partially withdrawn, the gains exceeding the premiums paid must be included in the personal comprehensive income tax return. Death benefit proceeds are usually tax-free, but if the estate exceeds the tax-free amount, it is still subject to estate tax. Compared with directly holding ETFs, investment policies can defer taxation and are suitable for long-term asset allocation, but frequent withdrawals still have tax costs.
It is actually very simple to extend the drain pipe, and you can save the cost of a technician by doing it yourself. Prepare a drainage pipe with a diameter similar to the original pipe, a slightly smaller PVC bridge pipe, hard adhesive and electric fire cloth. The steps include measuring and cutting, joining pipes, applying glue, letting them dry and sealing them. The whole process takes about five minutes, and you can use it after the glue dries. Not only can it save money, but it can also improve DIY skills and solve drainage problems during home appliance installation.
