[News FM Lee Ik-seon Choi Soo-young Issue & People]
□ Broadcast date and time: October 23, 2024 (Wednesday)
□ Host: Lee Ik-seon, Choi Soo-young
□ Starter: Woo Byung-tak, team leader of Shinhan Bank (tax accountant)
* The text below may differ from the actual broadcast content, so please check the broadcast for more accurate information.
◆ Lee Ik-seon: It's an issue. This time, we give you valuable information that makes money just by listening carefully. Hit instructors in each field deliver how to reduce taxes and trends in real estate stocks. We have Woo Byung-tak, the head of Shinhan Bank's tax team, who is famous for saving money today. Welcome.
■ Woo Byung-tak: Yes, hello.
◆ Profit line: Today's financial technology topic is the marriage birth gift property deduction system. Can you explain?
◇ Choi Soo-young: So the government has introduced a property deduction for marriage, childbirth and gift starting this year. So, you can receive up to 300 million won from both parents before you get married without gift tax. Considering the current lease price, you can receive 300 million won without taxes, so this is amazing in a nutshell. There is no choice but to be interested in young people, but the government seems to be providing institutional support to raise the so-called marriage and childbirth. Anyway, this issue is the most important.
◆ Lee Ik-sun: Yes, while listening to the show, this is similar to mine. I'm curious about this, so I'd like you to ask me a question. You can also ask questions about other real estate tax technologies. 0945 Paid text message 50 won long text 100 won YTN app YouTube comment windows are all open. The issue is money. Today, counseling arrived without fail while talking about tax savings. Let's look at the story right away.
◆ [Listener] Hello. I am in my 60s and have a son who is about to get married. I have canceled a total of 300 million won in savings and deposits that I have collected for my son's marriage next year. Because he is an only child who raised him dearly, he wanted not only to pay for the wedding but also to help him get a newlywed house. I decided to provide the best home appliances such as refrigerators and washing machines. At first, I didn't think about the tax issue. This is because I heard that marriage will be deducted up to 300 million won per person starting this year. But there was a twist. At a meeting to announce the news of his son's marriage, an acquaintance refuted that the marriage deduction was only possible up to 150 million won. He also advised me to give it as an item instead of cash because I could pay tens of millions of won in taxes if I gave it incorrectly. However, another acquaintance who heard this argued that there is no tax on the amount given in the form of congratulatory money. As a result, I'm confused by what people around me say. Which part should I pay particular attention to? I'm curious about this and that, so I'm applying for tax counseling. Mr. Tak, a tax expert, please let me know what you can do.
◆ Lee Ik-seon: Yes, I was surprised to think that you know a lot of information. The issue is money tax technology evangelist Tak and tax accountant Woo Byung-tak. How did it feel?
■ Woo Byung-tak: Yes. First of all, congratulations on your child's wedding.
◆ Proficiency line: So even if we support the wedding supplies, will there be a gift issue?
■ Woo Byung-tak: Yes, among the wedding items, luxury items should pay gift tax. It says that it is subject to gift tax. In fact, the term luxury goods may vary slightly from individual to individual, and the term may be a little ambiguous. Again, this part is not set exactly by the amount, and according to social wisdom, marriage products within a reasonable range are tax-free, but luxury goods beyond that should be paid gift tax.
◆ Lee Ik-seon: Is the massage chair a luxury luxury?
■ Woo Byung-tak: There's a good chance it's not.
for such an expensive price
◇ Choi Soo-young: What are the criteria for luxury?
■ Woo Byung-tak: It says social wisdom. That's why the standard is ambiguous. It varies from time to time and may vary from family to family depending on the size of the asset or something, for example, parents give their children a 100 million won dial ring to celebrate their marriage. Then, in light of common sense, it's likely to be seen as a luxury. Then, in this case, even if you give it as a wedding gift, you can think of it as being subject to gift tax.
◇ Choi Soo-young: Then what about buying a car?
■ Woo Byung-tak: In the case of a house or vehicle, the tax office says that it is subject to all regardless of the amount.
◇ Choi Soo-young: So even a small car?
■ Woo Byung-tak: That's right.
◆ Lee Ik-seon: What about the mink coat?
■ Woo Byung-tak: I think the coat is a little ambiguous. In general, if it is a very expensive mink coat, it is correct to think that it is strictly subject to gift tax.
◆ Lee Ik-seon: It's just a pattern and there are actually a lot of cheap things. Will the price be the standard?
■ Woo Byung-tak: In that case, there's room for things that are affordable to be tax-free in light of the size of assets and the size of the marriage.
◇ Choi Soo-young: Even if it's very expensive, what about home appliances?
■ Woo Byung-tak: In the case of home appliances, there is a bit of an explicit part. For example, marriage items such as refrigerators and washing machines that are necessary for daily life are clearly not subject to gift tax. You don't have to pay gift tax. In addition, in the case of congratulatory money, one example is a case of a long time ago, but my parents and grandparents gave me about 4 million won that grandmothers and grandfathers used to celebrate their grandchildren's marriage. You gave it to me in cash. There was an issue about this. The customs office is 400, but it is right that it should be taxed. Because it is not a wedding product given by parents, and the obligation to support their children lies with parents, not grandparents, but grandmothers and grandfathers gave them 400, but in the end, 400 is a precedent more than 15 years ago. Even in that case, about 400 is okay considering that the grandfather gave it to his grandchildren as a congratulatory gift. It's a little hard to be tax-free. That's how I saw it.
◇ Choi Soo-young: 15 years ago, if it was 400, I was
■ Woo Byung-tak: It's quite a lot of money.
◆ Interest line: But this can be so different depending on the viewer
■ Woo Byung-tak: Yes, it's an inevitable part. So, if the amount is a little larger than the common sense level or the price of one item increases a little, I told you briefly last time, but if the customs office does not tax it, other people will feel unfair enough. And if taxation is not avoided now, it will fit equity and then collect some taxes. We can collect the national treasury. If this is reasonable, I will tax it.
◆ Interest line: It's difficult. Then I wanted to ask you this out of home appliances. Speakers. Actually, speakers are very expensive.
■ Woo Byung-tak: Expensive speaker brand speakers are likely to be classified as luxury luxury goods.
◆ Lee Ik-seon: Then why did you forget the name of the clothing?
■ Woo Byung-tak: In the case of stylers, it's different depending on the times. Isn't it very expensive when some home appliances or similar things just come out in the beginning? In that case, it seems that it is actually classified as a luxury luxury item, but now it is quite common so that it becomes common later. In such cases, all judgments are made with that in mind.
◆ Profit line: Okay.
◇ Choi Soo-young: But aside from the congratulatory money, I talked about the 1500 marriage deduction of 150 million won, but if you give it to your child, you will be given up to 300 million won without gift tax for marriage this year, is this true?
■ Woo Byung-tak: That's true, but it's a little different. So what an acquaintance said is a more accurate expression. Gift tax is based on the person who gives the gift and the person who receives the gift. So, if we get married, won't there be two adoptive people who will become husbands and wives? Each of them is tax-free due to childbirth marriage of 150 million won, so only 50 million won is deducted originally. So, even if it's not marriage and childbirth, there's no gift tax within 50 million won over 10 years from the immediate continuation. This deduction is 50 million won, and if the newly established one is about to get married or give birth, you can get an additional 100 million won each. I'll give you a deduction. So, it's deducted by 150 million, so if you get it from both houses, you can add 150 million to 300 million without a single gift tax. It means adding up. That's right. But like the case of the person who asked the question, my father said that he raised about 300 million won.
If you give this to your son now, you'll give it to him.
◆ Lee Ik-seon: I should ask my in-laws.
■ Woo Byung-tak: That's right. But now the problem is your own money, so you're going to give your son 300 million won, and then you're going to get 150 million won, so for 150 million won,
◆ Profit line: Regardless of the source, the personal limit is just 150 million. What I can get to my children.
■ Woo Byung-tak: You have to deduct 150 million won from the direct ancestor and pay taxes on the remaining excesses. So if you can give it to me, if you receive it like this from both sides, there will be no gift tax up to 300 million, so that's the most desirable. Depending on your opinion, if you give it to your in-laws, then the problem is that when you give it to your daughter-in-law, you give it to someone else. I can't get that deduction. Then, you have to pay another gift tax on 150 million won.
◆ Lee Ik-seon: Then I thought like this, too. You can't afford to make 300 million by doing 100 million for you and 200 million for us because you can't afford your own money.
■ Woo Byung-tak: That's right, because you can't do that together, and in that case, 100 million won is deducted up to 150 million, so there's no such thing. Then for the 200 million won, you have to pay 5 million won in gift tax on 50 million won, excluding 150 million won.
◇ Choi Soo-young: But I have a really detailed question. Now, he wants to add some cash to the honeymoon house, so he wants to give it to me in advance. Then, do I have to give it to him on the wedding day? You know, there's something like this. These days, there are people who have weddings and don't register their marriage. Anyway, we're actually a couple, and marriage is a social deduction that we've become a couple, so what happens to this?
■ Woo Byung-tak: It says you can get this deduction for gifts for two years before and after marriage or the date of birth. So the standard at this time is when you will be considered married, but the tax law explicitly adopts legal marriage. So, in fact, you have to do it. Regardless of whether there is an event at the wedding on the day of marriage registration, so if you reported the marriage without a wedding, it will be the day of marriage from then on. Then, it is possible to receive it in advance between that day and two years before.
◆ Profit line: Until 2 years after reporting?
■ Woo Byung-tak: Two years after the report.
◆ Profit line: 4 years in total?
■ Woo Byung-tak: Right, back and forth, and the other thing is that when you get married, you usually have children. Yes, then this birth and marriage deduction is a lump. So if you didn't receive it at the time of marriage, I don't know if you don't give birth, but if you didn't use the deduction you didn't receive at that time, the total deduction limit of 100 million won was added. So, if you get 50 million won for childbirth, you still have 5,000 deductions left. When you get married, you can receive the remaining 5,000 within the deduction range.
◆ Profit line: Not satisfied. I have to give a separate notice when I give birth. I need to give birth to more babies, but the situation is
■ Woo Byung-tak: So far, it's like this.However, in the future, the law will continue to change, so I think there are factors to consider because there are problems with the children's population.
◇ Choi Soo-young: To get this gift deduction, you have to go to the office first regardless of whether you have a wedding or not. You have to write a memorandum. You can't get it if you don't
■ Woo Byung-tak: Yes, marriage registration is the standard. And there's one thing you need to be careful of. This is the first system created this year. So, you shouldn't misunderstand a little about the date, so gifts from the date of marriage up to two years ago are recognized, but the date of donation itself began on January 1 of this year. You gave me a gift last year. I got married this year. At the beginning of this year, it is true that the gift was received within two years, but the gift took place before December 31, 23, before the law came into force. I can't get a deduction for this because it's pulled. So for the things about that date, it is necessary to give a gift after January 1st of this year.
◇ Choi Soo-young: So it's not retroactive. This is
■ Woo Byung-tak: That's right. So, as I said earlier, I'd be sorry if you passed that date at the time of marriage, but if you're planning to have children at the time of childbirth, you can use it at the time of childbirth.
◆ Lee Ik-seon: Then it's a shame for those who just listened to this broadcast. I need to get this benefit. Then you might think that we have to postpone our marriage registration until after January 11, 26 to make four years from now on.
■ Woo Byung-tak: That's a possibility.
◆ Lee Ik-seon: Then the marriage should not be delayed. Right. It started on January 1 this year.
◇ Choi Soo-young: Anyway, he's planning to give 300 million won to his children, so can you tell me the difference between when he got married and when he didn't get married?
■ Woo Byung-tak: Yes, for example, if you get a marriage deduction, you'll get a gift tax of 29.1 million won if you calculate the gift tax on the rest except for the 150 million deduction. If you say you received 291.3 billion won, you will have to pay 29.1 million won in gift tax if you say you received 300 million won at once because you were forced to divide it into two prices. I didn't get this deduction. So, if there was no deduction, there is a gift tax of 38.8 million won, so about 10 million won is the difference in whether or not this effect pays taxes. As I said earlier, if you say you will give 150 million won to each of the two prices because of the size of your funds, the difference between 40 million won and whether you pay gift tax or not is 0 won, so it can be very efficient if you can get it right.
◇ Choi Soo-young: That's why I'm scared of tax laws. It's important and right.
◆ Lee Ik-seon: I see. Yes, Issue and People. This is Wednesday's segment. The issue is money. We are listening to Shinhan Bank today with team leader Woo Byung-tak. Today, we are specifically looking into the marriage birth gift property deduction system. We'll be back after a commercial. If you have any questions about this, please call 0945 #0945 and it doesn't have to be this issue. All tax-related questions are available. You can text me. We'll be back after listening to the commercial. Yes, the issue, People Wednesday. What's the issue at 2:38 right now? I'm with Woo Byung-tak, the team leader of Shinhan Bank. I really wanted to ask you this question earlier, but there's something I missed briefly. It's about congratulatory money. In the case of congratulatory money, the target of paying congratulatory money is a little different. It could be your parents or your marriage partner, and I think there will be some questions about who you belong to in this part.
■ Woo Byung-tak: Yes, it's actually mixed. So when it comes to congratulatory money, it's common to think that since the wedding party is children, if the amount of congratulatory money that came to the parents is not large, there are quite a few cases where you give it like this because it's an event while you're married. In any case, considering the general customs of marriage feng shui in Korea, the money that comes in as a congratulatory money is quite large. That's right. On the contrary, it's easy to think of the fact that the marriage party or the marriage owners have been paying for the money that comes in like this, but in principle, Korean law sees it as a celebration for the marriage parties, but most of the congratulatory money that comes into it is that many of the guests may be acquaintances or friends of the marriage party, but the larger number is the concept of celebration for the marriage. That's why I think the general scope of the congratulatory money belongs to the honjou. That's why it's attributed to your parents. Then, if you give the money to your child as it is, there is a high possibility that it will not be recognized when your children will add some of it as a source of funds and use it later. Then I'm sure there's something that's unfair. That's right. It's very difficult to prove this later, so you won't be able to recognize it at the time of marriage, but the most important thing is to distinguish from whose acquaintance the money came from. So, if you classify the money that came to the marriage owner and the funds that came to the marriage party in advance when it was transferred, whether it is millions or tens of millions of won, the money attributable to the marriage party is originally the child's money, so you can use it later when your children use it to acquire real estate, so you usually take a look at the guest book and just put it away, but now you only use your name in the guest book. Then, after the wedding, marking the ticket and marking who's acquaintance was will play a very important role in the gift tax later.
◇ This is really a good tip.
◆ Lee Ik-seon: This is why guest book management is so important.
◇ You just put it somewhere, just like this
■ Woo Byung-tak: That's right. I don't throw it away, but I don't organize it in advance. So it's better to organize and keep it together.
◆ Lee Ik-seon: No, but these days, there are cases where you do it directly to the person you're married to, and there are cases where you do it directly to the person you're married to, so it'll be easier than before.
■ Woo Byung-tak: It's a little bit better. However, even when transferring, only the name is usually specified, so you need to mark them clearly.
◇ Choi Soo-young: Then there's something we're filming these days. So, I'm asking you to give me a congratulatory money like this.
■ Woo Byung-tak: That's right. That's right. That's the most important point.
◆ Lee Ik-seon: Then there's one more notice. Where do you want to send your heart? When you send something, the word 'congratulatory deposit' is
◇ CHOI SOOUNG: Yes, that's right. I suppose. Yes,
◆ Lee Ik-seon: That's a bit of a problem.
◇ A text message came up right away. Shall we read it? Listeners, my son has been married for 14 years. Is it tax-free even if I give you 150 million won?
■ Woo Byung-tak: As you said, 14 years of marriage is a lot more than two years, so of course it's not more than five thousand. You won't be able to get a 100 million deduction. As I said earlier, I think there may still be some room for childbirth. The deduction that you couldn't use at that time remains like this for the rest of your life.
◇ Choi Soo-young: This person also has a grandchild
■ Woo Byung-tak: Then the part that is given to the grandchild is now the direct ancestor, so it's the direct ancestor, so I think you can get a deduction in that case. It's a continuation. So parents, not parents, but grandparents, are also direct.
◇ Choi Soo-young: But how old do I have to be?
■ Woo Byung-tak: It's not that the grandchild's current age is important, so it's born. Two years from the time the person is born,
◇ Choi Soo-young: Simply put, if you want to get a question, you can have another one?
■ Woo Byung-tak: Yes, that's right. That word
◆ Profit line: Okay. But I think there are cases where they divorce after giving a gift, but what happens in this case, and in the case of remarriage, there may be remarriage third marriage. I wonder if it is possible to apply multiple deductions.
■ Woo Byung-tak: In the case of a formal divorce, not a broken marriage or annulment of marriage, the marriage deduction has already been given according to the facts, such as the time of divorce and the reason for divorce. I got a deduction for the gift, but I got divorced. You registered your marriage and then you got a deduction and then you can actually get a divorce within two years in a short period of time, right? That's right. Considering the reason and timing of this divorce, it's definitely right to get divorced. In this case, they don't say that they cancel the deduction they received at that time. However, I wonder how many people would do this for the purpose of receiving a gift, but after deducting it, I registered your marriage and got it deducted, and then I just divorced immediately. It is said that there is no marriage, so in fact, this is the punishment, but if it is clearly confirmed that the divorce was made like this, in this case, you can be a wife. Divorce Even in the case of an official divorce,
◇ Choi Soo-young: And then we combined again. I can get it again, right?
■ Woo Byung-tak: I think that's the most representative case of doubt.
◆ Interest line: In case the divorce party reunites again
■ Woo Byung-tak: You can get that deduction and then you can do this with this person, and you can think of it as factual, and if this is repeated, sometimes they ask you that. The amount does not keep growing because it is said that 100 million won will be deducted from marriage and childbirth throughout life. There is this part.
◆ Lee Ik-seon: It's because it's a combination. You can't think of something else with this.
■ Woo Byung-tak: It could actually be the case. If you didn't get it in your first marriage, you can get it in your second marriage. So, in the case of the opposite at first marriage, the two can receive 100 million won over their lifetime.
◆ Interest line: I see. Then, if your son tries to use the cash he received to acquire the newlyweds, do you have to use the cash he received only for marriage funds?
■ Woo Byung-tak: Yes, there are no separate restrictions on use in this system, so you can use anything.
◆ Profit line: Yes
◇ Choi Soo-young: Then this son is newly married now. But I need money because I need to buy a house right now. Yes, but anyway, the more we save taxes, the better. If you can advise me on how to save the gift tax as much as possible,
■ Woo Byung-tak: There may be a lot of things on each case, but there are a lot of special cases. The most common thing is that when it comes to gift tax, the only thing we say is that the king is also the best way is to do it in advance. So, divide it up several times. There is a standard that this gift is added up to do it separately. It's been 10 years. The general deduction comes back to life every 10 years, other than this birth and marriage deduction. In the case of adult children, 50 million won is 10 years, so what that means is that children give gifts in advance when they are young and give additional deductions the next day after 10 years. If you do this, you can benefit from paying the least amount of gift tax in the most legal way and dividing it into two. And then dividing people can be another way. So even in this marriage, even if it's not a marriage birth deduction, if you give it to your child to your immediate descendants, isn't it the same as your son-in-law or daughter-in-law after all? The couple will save the money together and live together. Then, it can be divided and given to your daughter-in-law. However, since the daughter-in-law is not related to the parent's child, the deduction is not 50 million won, but only 10 million won. So, the most efficient way is to distribute 10 million won plus a little bit of gift tax.
◆ Lee Ik-seon: Then you said you are an adult child, how old is the standard of adulthood?
■ Woo Byung-tak: Now it's based on legal saints. Now 20 years old
◇ Choi Soo-young: I think it's going to be the last question, but a story came up. There is now a villa in the name of your grandmother, which is about 100 million won, and I want to give it to my 20-year-old grandchild, but the counselor's parents said 50 million won can be given a tax-free gift for up to 10 years, so they gave me this as to whether it would be better for the counselor to give 50 million won to his son in cash and buy the grandmother's villa with that money, or whether it would be better for her to give the rest of the gift tax after she gave it to her grandchild.
■ Woo Byung-tak: We have to be precise, but in general, borrowing a form of sale is one of the most popular methods these days. As your parents said, if you give a cash gift and add the money to sell your grandmother's house, it is usually a little difficult to call it a sale in this apartment. In the case of the villa you mentioned, the calculation of the price is a little ambiguous. There are some difficult aspects. What I'm saying is that it's hard for this villa to trade often. As a result, it doesn't come out exactly how much it is like an apartment, so in this case, the standard is usually assessed separately or at the official price. Then, this appraisal or quoted price is a little low when the market price is 100 million, so it can be a way to buy it a little cheaper within that range and buy it cheaply even within the legal range.
◇ Choi Soo-young: You're actually recommending that. That's right.
◆ Profit line: Okay. Let's stop here. Issue is Money Today, I was with Woo Byung-tak, team leader of Shinhan Bank. Thank you for your comment. Thank you.
■ Woo Byung-tak: Thank you.
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