When it comes to buying a house, the issue of gift tax will inevitably come up. After all, not all young people are very rich, especially nowadays, when inflation is rising, everything is rising, but the damn salary has not increased, and then the damn house prices are simply directly The age of breaking through the ceiling.
It is normal for parents to help their children by paying the down payment when purchasing a house, and it is also a good way.
But one thing to note here is that there is a limit for donating large sums of money. As long as the limit is exceeded, you need to pay the damn gift tax. This is something you really must pay attention to.
As for the amount of tax exemption, the current law stipulates that starting from January 1, 2011, the maximum gift tax exemption amount is 2.44 million yuan.
But one thing to note here is that the 2.44 million yuan is the total value of the property donated by the donor to others within the same year, not the recipient. Each person can definitely get up to 2.44 million yuan.
That is to say, even if you have three children, no matter how much you give them separately, you can only give out a total of 2.44 million yuan a year at most. Don’t foolishly transfer them out at once, thinking that you can give them all equally. Give full.
There is a breakpoint here, that is, the gift tax amount of your parents is actually one father and one mother, so they can each give 2.44 million a year. That is, if your parents are still alive, you can give up to 4.88 million a year. Yuan.
The year breakpoint of the gift amount is divided into different years at "12/31" and "1/1". That is to say, the money you receive on 12/31 is classified as a different year than the money you received on 1/1. That is to say, the maximum total you can receive in those two days is "9.76 million yuan", which is regarded as a tax-free limit!
But it’s only a national holiday on 1/1, so there are no banks that can go to work and help you get it done, unless you have set it up in advance so that you can make large-amount transfers online.
As for what you should do if you need money temporarily but your parents no longer have the tax-free allowance to give you, the safest way is to pay the taxes!
What about the gift tax brackets?
Less than 25 million, 10% tax amount
Below 50 million, tax amount 15%
Above 50 million, 20% tax amount
As long as the tax amount exceeds 15%, there will be a progressive difference that needs to be calculated again, but ordinary people should not need to make it so complicated. If you really have that much money, please find an accountant to help you calculate it. That’s fine, I won’t introduce the progressive difference in detail here.
The Republic of China has tens of millions of taxes. As for how to avoid taxes, it has always been the life question that everyone wants to know. As for how to avoid taxes legally and effectively after exceeding the gift tax limit?
This may involve more professional issues. Please pay to unlock it yourself. After all, it doesn’t matter what matters are professional, you can watch it for free!
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