Raise donation money by taking away money from the company… Real estate’Dad Chance’ got stuck.

A view of the Sejong Office of the National Tax Service. [국세청]

As the number of cases of expedient and illegal housing donations increased due to soaring house prices without knowing the end, the government took a knife again. On the 2nd, the National Tax Service announced that it would conduct tax verification on 1822 people who are suspected of donating houses without paying taxes properly.

Specifically, ▶ 1176 people who reported insincerity such as omission of donation ▶ 531 people who did not report or reduced the donation amount of apartments ▶ 85 people who doubt the source of the donation funds ▶ 30 people who donated expediently such as non-payment of debts after donating in debt In general, homes that were donated last year are the subject of major tax audits, and some included donations made before that.

Cases of suspicion of tax evasion for home donation. revenue

Mr. A inherited from his father a billion-dollar apartment in an overheated district with a mortgage loan. But at the same time, he signed a lease for the apartment to rent to his father. After that, he paid the mortgage loan with the rental deposit received from his father. Later, he left his father and moved into the apartment, but he did not return the rental deposit.

The National Tax Service is planning to go to a tax audit after Mr. A received an apartment with a loan for the purpose of avoiding gift tax, seeing that his father paid the debt for him.

Cases of suspicion of tax evasion for home donation. revenue

There is also a case where a donation money for an apartment was provided to a son by taking away the money from the company. Mr. B, who runs two hypermarkets, handed over the right to sell houses and apartments to his son, who was a freshman in society. However, as a result of an investigation by the National Tax Service, Mr. B provided money for his son to acquire a house by stealing money from the company by omitting sales and catching false expenses.

There were also cases where the gift tax was reduced by omitting past gift cases. B, who received an expensive apartment from his mother, paid the gift tax after subtracting 50 million won, a deduction for gifted property between parents and children. However, as a result of the National Tax Service’s confirmation, Mr. B received the stock of an unlisted corporation from his father before and received a gift tax deduction of 50 million won. Under the current law, if multiple gifts are received from parents within 10 years, the deduction limit is applied by adding up the past gift amount. The Internal Revenue Service is investigating that Mr. B paid less tax due to omission of the old gift.

Director of the National Tax Service, Kim Dae-ji, is entering the meeting of the heads of national tax offices held at the Sejong 2nd Government Complex on the morning of the 28th of last month. On that day, the meeting of the heads of tax offices nationwide was held as a non-face-to-face video due to concerns about the spread of the new coronavirus infection. Newsis

On the 28th of last month, at a meeting of the heads of tax offices nationwide, the National Tax Service decided to respond strictly to tax evasion, especially in the stage of donating houses. In particular, the case of donations made in the past will be examined in detail, and a tax investigation will be conducted if a suspicion of evasion is found. Usually, the exemption period for gift tax is 10 years, but if you fail to report or commit fraud or other fraudulent acts, you can levi tax up to 15 years ago.

The National Tax Service said, “By analyzing the source of funding at the first stage of the donor’s acquisition of housing, we will carefully verify whether the donor has acquired the housing using unfair methods such as outflow of corporate funds.” I will trace it to the end.”

Sejong = Reporter Kim Namjun [email protected]