Tag: real estate

Have you ever heard of the term "reserved tax source"?

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.

How to use tax-free limits for cash, real estate, stocks and insurance policies to accurately pass on wealth?

Wealth inheritance should make good use of the annual gift tax exemption of NT$2.44 million. Cash gifts are flexible and tax-friendly, making them suitable for helping children buy a home. Real estate gifts need to consider the combined real estate tax and the risk of cost underestimation. It is recommended to increase the holding cost through buying and selling. When donating stocks, attention should be paid to valuation standards, as unlisted stocks are more risky. Policy gifting must ensure that the distribution of interests is in line with family consensus. It is recommended to consult a professional advisor to formulate a personalized plan to balance tax and family needs to ensure the smooth inheritance and appreciation of assets.
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