상속세 바뀝니다! 핵폭탄급 비상입니다. 전가족 세무조사! 통합 공제 삭제! (Feat. 기획재정부 유산취득세 추진 발표!)

Summary

The script discusses impending changes to the inheritance tax system in South Korea, transitioning from inheritance tax to an acquisition tax model. It highlights the potential benefits of the new system, such as reduced tax burdens due to the spreading of tax liabilities among heirs. However, it also warns of the challenges, including the need for heirs to disclose financial records and the potential for increased taxes on smaller estates. The speaker advises on strategies to prepare for these changes, such as establishing family corporations and making pre-mortem gifts of real estate to children.

Takeaways

• 📢 The inheritance tax is likely to be changed to an acquisition tax on inheritance, which is supported by recent statements from government officials.
• ⏰ It is advised to prepare for the new inheritance acquisition tax as soon as possible, as time is running out.
• 🔍 The Ministry of Economy and Finance (기재부) plays a crucial role in policy-making and has openly discussed the shift to inheritance acquisition tax.
• 🏢 The inheritance acquisition tax has potential benefits, such as reduced tax burdens due to the dispersion of assets among multiple heirs.
• 💼 The tax reform proposal has significantly increased the exemption limits, which could outline the structure of the inheritance acquisition tax.
• 👨‍👩‍👧‍👦 The inheritance acquisition tax may lead to fairer taxation based on the ability to pay, as each heir pays tax according to their share of the inherited assets.
• 💔 One concern with the inheritance acquisition tax is the potential for increased tax liabilities due to the elimination of combined tax exemptions for family members.
• 🚫 There are worries that the new tax system could lead to the disclosure of private financial information, including past transactions, which might result in unforeseen tax liabilities.
• 🏠 For those with valuable real estate, it is suggested to consider preemptive gifts to children or establish a family corporation to mitigate future tax impacts.
• 💡 The script advises against using the spouse deduction for tax benefits, as it may lead to a 'tax bomb' upon the spouse's death due to potential changes in tax laws and regulations.

Q & A

What is the current status of the inheritance tax system in South Korea according to the transcript?

The transcript indicates that the inheritance tax system in South Korea is expected to change from inheritance tax to acquisition tax on inheritance, with the government planning to finalize the policy by the end of the year and push for legislation in the following year.

What did Park Chan-dae, the Democratic Party's floor leader, suggest regarding the inheritance tax system?

Park Chan-dae suggested that there is a need to review the current inheritance tax system and consider changing it to an acquisition tax on inheritance.

What announcement was made by the Minister of Economy and Finance regarding the inheritance tax?

The Minister of Economy and Finance announced that the government will finalize its stance on the acquisition tax on inheritance by the end of the year and will push for legislation in the following year.

How has the remaining deduction been adjusted in the inheritance tax reform plan?

In the inheritance tax reform plan, the remaining deduction has been significantly increased from 5,000 to 500,000, which is a tenfold increase.

What are the three main advantages of the acquisition tax on inheritance as mentioned in the transcript?

The three main advantages of the acquisition tax on inheritance are: 1) Tax burden can be reduced as the tax assessment standard is dispersed among multiple inheritors, 2) It adheres to the principle of taxing based on the ability to pay, ensuring fairness, and 3) It can potentially reduce disputes among inheritors by clearly defining each inheritor's share according to the will or inheritance.

What are the two main concerns regarding the transition to the acquisition tax on inheritance?

The two main concerns are: 1) The need for inheritors to open their accounts for the past ten years, which could lead to unexpected tax liabilities, and 2) The loss of combined inheritance tax deductions, which could result in higher tax burdens for some inheritors.

How does the transcript suggest handling the potential issues with the acquisition tax on inheritance?

The transcript suggests three strategies: 1) Establishing a family corporation quickly for those with profitable real estate, 2) Pre-gift valuable real estate to children to avoid tax on unrealized gains, and 3) Avoid using the spouse deduction for inheritance as it may lead to higher taxes during re-inheritance.

What is the potential issue with using the spouse deduction for inheritance as per the transcript?

Using the spouse deduction for inheritance might result in tax savings initially, but it could lead to a 'tax bomb' during re-inheritance when the spouse passes away, as the children would not be able to use the spouse deduction and could face the maximum tax rate.

What is the current government's stance on increasing the remaining deduction in the inheritance tax reform?

The current government's stance is to increase the remaining deduction from 5,000 to 500,000, which is a significant increase and is seen as a positive step in the reform.

What is the difference in tax calculation between the current inheritance tax system and the proposed acquisition tax on inheritance when inheriting a 10 billion won property?

Under the current inheritance tax system, a 10 billion won property might have no tax due to combined deductions of 10 billion won. However, under the proposed acquisition tax on inheritance, after deductions of 7 billion won, a taxable amount of 3 billion won would result in a tax of 50 million won.

How does the transcript describe the current government's and the Democratic Party's approach to the inheritance tax reform?

The transcript describes that both the current government and the Democratic Party have proposed increases in certain deductions but have each kept one 'hidden card' by not addressing certain deductions, leading to an uncertain situation regarding which approach might be more favorable.