Gift tax of housing acquisition fund

Tax exemption for donation tax when gifts such as acquisition of housing etc. are received from direct descent.

1. Outline of tax exemption for gift tax when direct gifts such as acquisition of housing etc. are received from direct family members

When gifting money for allocating to new buildings, acquisitions or expansion and remodeling of residential houses from direct descendants (parents, grandparents, adoptive parents), when satisfying certain requirements, for gifts tax up to a certain amount, I will not include it in the taxable price of.

There is a change in this special case by Heisei 24 year tax reform. The revised system is as follows.

※ This exemption exemption of this gift tax is combined with special exemption of inheritance settlement tax at the time of receiving basic deduction for calendar year taxation, special deduction for liquidation tax at inheritance, or acquisition of housing etc. from a specific donor I can do it.

2. Requirement for exemption from gift tax in case of receiving gifts of funds such as housing acquisition from direct line

A. In the case of a house for residential houses that has been newly built with funds such as acquisition of houses is a high quality residential house with energy saving and earthquake resistance

Specific recipients who received gifts such as housing acquisition (during Heisei 24) · · · 15 million yen

Specific recipients who received gifts such as housing acquisition (during Heisei 20) · · · 12 million yen

Specific recipients who received gifts such as housing acquisition (in Heisei 20) · · · 10 million yen

B. A house for a residential house, etc., which made a new construction etc. with funds such as acquisition of housing, When it is a residential house other than the residential house

Specific recipients who received gifts such as housing acquisition (during Heisei 20) · · · 10 million yen

Specific recipients who received gifts such as housing acquisition (during Heisei 20) · · · 7 million yen

Specific recipients who received gifts such as housing acquisition (in Heisei 20) · · · 5 million yen

Please do not hesitate to consult about gift tax declaration and inheritance tax