The late Chairman Lee Kun-hee’s stock inheritance tax is only 11 trillion… Eyes focused on’Next April’

The inheritance tax on shares left by the late Samsung Electronics chairman Lee Kun-hee was confirmed to be 11,366 billion won, exceeding the original estimate. This is because the valuation criteria for Chairman Lee’s stocks, who died on October 25, were determined from the average of the closing price on the 22nd from August 24th.

As the heirs, including Samsung Electronics Vice Chairman Lee Jae-yong, who inherits Lee’s assets including stocks, must complete the filing and payment of the inheritance tax by April next year. It is drawing attention as it is expected to finish the work to be prepared.

According to the related industry on the 23rd, the inheritance tax on the stocks of Samsung Electronics Chairman Lee Kun-hee, who passed away in October, was finally decided at 1.13 billion won. The evaluation criteria for the stock inheritance price were calculated as the average of the closing price from August 24th to the 22nd of this month.

In general, the valuation of the stock inheritance is calculated as the average of the closing prices from two months before the evaluation base date to two months later. As Chairman Lee passed away on October 25th, the standard date for evaluation was Friday, October 23rd, and the calculation period was from August 24th, two months before, and the last 22nd, two months later.

As of the end of September, Chairman Lee’s stake in Samsung Group is ▲Samsung Electronics 4.18% ▲Samsung Electronics 0.08% ▲Samsung SDS 0.01% ▲Samsung C&T 2.88% ▲Samsung Life 20.76%.

In addition, the average closing price during the stock valuation period is ▲ Samsung Electronics 62,394 won ▲ Samsung Electronics preferred stock 55,697 won ▲ Samsung SDS 17,048 won ▲ Samsung Life Insurance 6,6276 won, with a total of 18 trillion won in equity value held by Chairman Lee. It was calculated at 9633 billion won.

If this is inherited, the maximum tax rate for stock inheritance is 50% and the premium rate for the largest shareholder is added to the 20% premium.

This amount is an increase of 400 billion won from the standard estimated at the time of Chairman Lee’s death. Since then, the share price of Samsung Electronics, which has a high proportion of holdings, has increased, and the value of the stake has increased by more than KRW 800 billion.

In addition to this, taxes are also levied on the inheritance of real estate held by Chairman Lee. Major real estate owned by Chairman Lee include Everland site located in Yongin, Gyeonggi-do and his home in Hannam-dong, Seoul. Considering that the real estate inheritance tax rate is also 50% of the inheritance price, it is even observed that the tax burden of the heirs who actually inherit Chairman Lee’s property can exceed 12 trillion won.

Along with the size of the inheritance tax, interest is also being drawn on how Lee’s property will be distributed. Until now, it is not known by what criteria and how much Lee’s property will be inherited, but first of all, Lee’s will is expected to be the standard. If Chairman Lee has not left his will, the bereaved family members will decide the inheritance through mutual agreement.

There is a possibility that the legal inheritance ratio will be followed. In this case, three siblings, including Chairman Lee’s wife, Mrs. Hong Ra-hee, will inherit in proportion, including Vice Chairman Lee, Hotel Shilla President Lee Bu-jin, and Lee Seo-hyun, Chairman of the Samsung Welfare Foundation.

It is also discussed how to donate property, including Lee’s shares, to the Public Interest Foundation. In this case, it is observed by experts that attention is paid to which public interest foundations will be made, and that the possibility of establishing a new public interest foundation cannot be ruled out.

Based on the final inheritance tax determined this year, there is also a growing expectation that in the first quarter of next year, Samsung will reorganize its governance structure and complete the full launch of Vice Chairman Lee’s’New Samsung’. Considering that the deadline for deciding how to pay the inheritance tax this time is by the end of April next year, it is highly likely that the group reorganization will be completed at least in the first quarter.

A business official said, “In the business world, attention will be drawn to how the inheritance tax fund will be provided by the inheritance tax and how Lee Jae-yong’s full-fledged new Samsung will start after the first quarter of next year.” “We will pay special attention to Samsung’s move toward resolving the biggest inheritance tax issue and starting anew.”