Tag: Tax savings

Through insurance and land administration, assets can be magnified and tax sources can be reserved

Through insurance and land planning, tax sources can be reserved in advance, assets can be magnified, and descendants can avoid giving up inheritance because they cannot afford inheritance tax. Insurance claims enjoy tax exemptions, and real estate disposal can be selected according to the years of acquisition and appreciation potential, through direct inheritance, gift or sale inheritance, to achieve the best tax saving effect. Combined with age, existing insurance policies, and types of property, accurate arrangements can be made to make inheritance safer and the second half of life less worrying.

In life, the one who can help you is your friend, and the one who can help you "a few more times" is your wife!

I am not an insurance agent who only sells insurance policies, but a consultant who is committed to helping you with asset allocation and legal tax saving. From insurance license to land surveyor, I continue to study to integrate land, taxation and finance to help you find cash flow and potential assets. Do you want to talk about how to maximize the benefits of assets? You can slowly read my articles, or let's make an appointment to talk!

If only a part of the house under my name is used for business, can I still register it for personal use?

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".

Is property tax suddenly so expensive this year? In fact, it may be that you just haven’t “moved your household registration”!

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.

The wrong person was registered when selling the house, and 4 million tax exemption was lost!

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.
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