html body { background: rgb(255, 255, 255); } Our Team Our Services Free Incorporation & Conversion English Free Consultation Tax Guide and Tax Savings Guide This is a tax and tax-saving guide from Beyul Tax Firm that is helpful for business. Search tax information search Tax guide Go back Tax-saving guide during operation Freelancer 2023 Income Tax Filing Complete & Tax Saving Advice Acquisition Stage – Acquisition Tax Check Points The first tax to check when acquiring real estate is the acquisition tax. The acquisition tax rate varies depending on the type, price, and purpose of the acquisition, so accurate classification is necessary. Ownership Stage – Property Tax & Comprehensive Real Estate Tax Check Points Property tax is imposed based on June 1st of each year, so ownership date must be checked. The fluctuation of public prices directly affects the tax burden. If the number of houses increases, the eligibility for the comprehensive real estate tax must also be reviewed. Transfer Stage – Capital Gains Tax Check Points Capital gains tax is a key tax incurred at the time of sale, and the holding period is particularly important. Whether conditions for long-term holding special deductions are met is a key point for tax savings. The exemption criteria for one house per household must be checked, and exceptions should also be confirmed. Inheritance Stage – Inheritance Tax Check Points The assessed value of real estate based on the date of the inheritance commencement is the basis for the inheritance tax. Tax amounts can vary significantly depending on the evaluation methods such as market value, appraisal value, and comparable sales price. If there are multiple inherited properties, the method of division can affect tax savings. Gift Stage – Gift Tax Check Points Gifting real estate among family members is often more tax-efficient than selling, but comparison review is necessary. First, check the gift deduction limit and applicable subjects (spouse, children, parents). See More on Beyul’s Blog