[Inheritance Planning] Basics of gift tax (differences from inheritance tax)

Gift tax is imposed when an individual receives assets such as cash, securities, or real estate as a gift from another individual.
This is a tax levied on the person who receives the property.

[Difference between gift tax and inheritance tax]
The difference between gift tax and inheritance tax is as follows:

Gift tax: A tax levied on those who receive assets during their lifetime.
Inheritance tax: Tax levied on those who receive assets after death


[Property not subject to gift tax]
The main types of assets that are not subject to gift tax are as follows:

(1) Living and educational expenses from the support obligation holder to the dependent
The cost of living necessary for normal daily life
Tuition, teaching materials, stationery, etc. that are deemed necessary for education

(2) Gifts, condolence money, etc. that are deemed necessary according to social standards
Mid-year and year-end gifts, congratulatory gifts, condolence gifts, wreaths, etc.
Something that is considered appropriate in terms of social standards (within the bounds of common sense)

(3) Property for public utilities
Acquired by those who carry out public works such as religious, charitable, and academic activities,
Property that is certain to be used for public works


[Property subject to taxes other than gift tax]
The main types of assets that are subject to tax in addition to gift tax are as follows:

(1) Property acquired as a gift from a corporation
The person who receives the property will be subject to income tax as a lump sum income.

(2) Property donated by the deceased in the year of the commencement of inheritance
It is subject to inheritance tax.


If you are considering inheritance planning, please feel free to contact us.
We look forward to your visit and reservations!


To make a reservation by phone, click here
0120-539-189

For store reservations, click here
　https://www.flp.co.jp/shoplist/shinmisato

Let us hear your voice
　https://g.page/FLPshinmisato/review?rc

Click here for the manager's detailed profile
　https://www.flp.co.jp/store-manager/inagaki-pro