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Transfer subject to inheritance tax.
[Business Times ╱2010-01-27 reporters Chenhuai Yu / Taipei]
A total of marital property was originally, but when the property transfer occurs within two years after the death of a party given if so, this transfer will be treated as heritage, inheritance tax would have been levied on the property project.
Southern IRS recently a very special inheritance tax levied instance, in his lifetime to help Mrs. Mr. sum of $ 20 million to settle housing loans, but people there are good and bad fortune, after the lapse of a year and a half, Mr. and died because of the accident, family members originally in the declaration of the deceased estate, did not put this heritage being counted.
When the case is deceased funds inventory check at the IRS know, so when calculating the gross estate, and the one included in the calculation, so that the expansion of the original heritage into a net 3,000 to 4,000 yuan, which is due to the old system of inheritance tax case , up to 50% tax, inheritance tax and therefore need to pay about $ 15 million.
IRS officials have privately said that the heirs if there is any deceased donor behavior within two years, then in the calculation of inheritance, gift of the property will return all items in the estate, even if the object is a spouse, did not have any gift considerations, but as long as the funds transfer process was seized, had counted estate tax calculations.
In addition, the deceased in his lifetime by way of wholesale payment of about 600 million yuan to buy investment-oriented insurance policies, due to investment losses, net insurance claims when only 3 million yuan, although Peidiao half, but because the wholesale payment policy in IRS's eyes, all the insurance itself does not meet the family's wish to protect the mind, which are all included in the gross estate part, making the person thus calculated up to more than 110 million yuan heritage.
