The latest news: the inheritance tax will be officially levied in 20 16.
The State Council Legislative Affairs Office is studying the drafting of inheritance tax, which will be levied at the end of the 12th Five-Year Plan.
On the one hand, the levy of inheritance tax will play an inestimable role in expanding domestic demand, on the other hand, it will also become an atomic bomb, which will impact the real estate market in China. On Tuesday night, the State Council approved the Opinions on Deepening the Reform of Income Distribution (hereinafter referred to as "Several Opinions"), clearly stating that "it is necessary to study the introduction of inheritance tax".
The National Housing Information System plans to connect cities at or above the county level in 20 13, providing data basis for supervising the purchase of houses in different places and multiple houses. Although the national housing information networking system has not been fully built, the detailed information of "Fang Ge" and "Fang Jie" recently disclosed by the network shows that the housing networking system has begun to exert public opinion influence.
With the completion of the national housing information networking system and the promotion of electronic monetization, personal assets and wealth information will be grasped in time and accurately, and the conditions required for the levy of inheritance tax have been gradually met. According to the Provisional Regulations on Inheritance Tax (Draft) promulgated in September, 2004, the estate subject to inheritance tax includes all the property left by the decedent when he died and the donated property that occurred within five years before his death. The draft also stipulates that the exemption amount of inheritance tax is 200,000 yuan and the highest tax rate of inheritance tax is 50%.
In the future, we will follow the example of western countries and establish special "social security cards" for citizens. At the same time, it is required that transactions of large assets such as buying a house and a car must be conducted in the form of electronic cards, and cash can only be used for daily consumption such as meals and transportation. When personal assets are completely sunny, it will be difficult for the rich to transfer their wealth to the next generation through real estate, cash, precious metals and other forms at no cost, so that the increasingly affluent China people (especially the rich) will change their thinking from "accumulating wealth" to "consuming wealth", thus greatly promoting domestic demand.
On the other hand, levying inheritance tax will also become an atomic bomb, which will impact the real estate market in China. Suppose you are going to buy a house for your son, but the child has to pay nearly half of the inheritance tax. Do you still have the desire to buy a house? If the house is inherited to the child now, does he have the mentality and ability to dispose of the property or what should he do if he is not filial? Finally, how to avoid inheritance tax correctly will become the next rigid demand, and everyone needs to learn and master the methods to avoid inheritance tax to help them maximize their assets.
The case tells you what inheritance tax has to do with you.
CCTV 1 Wen Chao Tianxia Project Details Purchase Guide Owner's Community Picture View Property Map Report-Shenzhen announced the pre-levy of inheritance tax, and the pilot policies in Shenzhen are as follows:
If the total assets are between 800,000 and 2,000,000 yuan, 50,000 yuan will be deducted after 20% levy (for example, 654.38+0,000,000 pairs of inheritance tax: 654.38+0,000 * 20%-50,000 = 654.38+0,500,000);
If the total assets are more than 6,543,800,000+million, 6,543,800+0.75 million will be deducted after 50% levy (for example, the corresponding tax is 6,543,800+0.5 million: 6,543,800+0.75 million * 50%-6,543,800+0.75 million = 5.75 million).
In the above case, wealth increased by 15 times, while inheritance tax increased by 38 times. The key is that the inheritance tax must be paid in cash for a period of three months, otherwise it will be confiscated or auctioned. Nowadays, a house is worth millions. It can be said that the inheritance tax is closely related to every family.
What should we pay attention to when levying inheritance tax?
1. Taxes must be the legitimate income of children, excluding parents' property, and cannot be cash gifts from parents.
2. The estate needs to be frozen before paying taxes.
Donation within 3.5 years is equivalent to inheritance and tax payment.
4. Exemption from inheritance tax: jewelry and cultural relics. But if the children are realized, the inheritance tax will be recovered. Legal donations are not included in the total estate.
5. Life insurance is not included in the total estate.
Sad reminder! Everyone stops making money! Live in the moment and enjoy life!
(The above answers were published on 2015-10-01. Please refer to the actual situation for the current relevant procurement policies. )
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