Legal Intellectual

Up to how much is the gift limit between spouses possible?

Hello. I heard that when receiving property from family, a deduction can be received up to a certain amount, and I am curious as to specifically how much the gift limit between spouses is recognized. In addition, in relation to this, I would also like to know how to file a gift tax return.

I would like to have an inheritance related consultation. About how much should I expect the inheritance consultation cost to be?

Since my mother passed away, conflict has been arising among the siblings over the inheritance. ...One of the siblings is managing the assets, so the exact details have not been properly identified. Because agreement does not seem likely to be reached easily, I am considering an inheritance consultation, and I would first like to know approximately how much the inheritance consultation cost is. I am also curious about the overall flow, including what procedure the matter actually follows when an inheritance issue arises and how I should respond if it leads to a dispute. I am leaving this question before an inheritance related consultation.

Please explain the gift property deduction in detail.

I am expecting to receive property as a gift from my parents and my spouse, and I would like to know whether there is a way to reduce taxes. In particular, I would like to know in detail exactly how the gift property deduction applies, and up to how much can be deducted respectively when receiving from a spouse, parents, and relatives. Finally, I would also like to know about aggregation within 10 years and whether it can be combined with cases where special provisions apply, such as startup funds and stock for business succession.

When the inherited property and the debts are similar, can I limit the scope of inheritance through qualified acceptance of inheritance?

My father left property of about 40 million won, but it has been confirmed that there are also loans of a similar amount, about 40 million won. It also seems that he borrowed money from people around him, but the exact amount is unknown. Since I hear that inheriting also means taking on the debts, I am worried about whether I should accept the inheritance without even knowing the exact amount. I heard that in such a case one can limit the scope of what is inherited through qualified acceptance of inheritance, and I would like to know whether this is actually a method I can apply.

I am curious about the differences between inheritance tax and gift tax.

I have learned that my parents have gradually saved up some property, and I have heard that I must pay tax when I inherit it. When I looked into it, there seem to be things such as inheritance tax and gift tax, but honestly, I do not really understand how they differ. I would like to find out in advance, so could you tell me what the differences between inheritance tax and gift tax are?

If I receive an inheritance and gift consultation, is it possible to calculate the inheritance tax?

My parents hold various assets, such as real estate and deposits, and I have no sense of how much tax will be due once the inheritance process begins. I would like to prepare in advance, so I am wondering whether I can calculate the inheritance tax if I receive an inheritance and gift consultation. I would also like to know, after such a consultation, on what basis the calculation is actually carried out.

What are the requirements for applying for gift tax payment in annual installments?

As I am about to receive property gifted from my parents, I expect a significant gift tax burden to arise. Because it is difficult to pay all at once, I am looking into gift tax payment in annual installments, and I am curious whether anyone can apply. I would like to know what requirements must be met to apply for gift tax payment in annual installments and how the actual application procedure proceeds.

Can half-siblings born through a remarriage also receive an inheritance?

My father remarried and had children in his new family. I am a child from his first marriage, and as discussions about inheritance recently arose, I became curious about the issue of half-sibling inheritance. I would like to know whether half-sibling inheritance is recognized even when the siblings do not share both parents, and how the inheritance shares are divided when the inheritance actually proceeds.

My father passed away and I am to inherit land. How should the land inheritance procedure be carried out?

I would like to know in what order I should proceed to inherit land after my father's passing. I would also like to know whether the land heirs must first reach an agreement and by when the tax filing must be done. Please tell me the land inheritance procedure.