In recent years, when the house price has risen significantly, there has been a case in which high-priced apartments are bought with money donated by parents without giving tax.
The Internal Revenue Service (IDS) today introduced tax evasion cases through anomalous real estate transactions, foreshadowing an intense tax investigation of 517 people who bought expensive apartments or obtained expensive charter but did not have clear funding sources.
Lawyer A in his 30s is accused of buying an expensive apartment from his older brother cheaper than the surrounding price and renting it to his mother as a charter to receive a shortcut.
As a result of the investigation, it was confirmed that the child who owned two houses bought the apartment in the name of his mother B to avoid heavy transfer tax.
B's allegations of violating the Real Estate Real Estate Act have been notified to local authorities.
This is a shortcut gift, and the National Tax Service has collected hundreds of millions of won in donations for the shares of Officetel donated by C.
As a result, it was revealed that the landlord's mother managed to deposit the money in D's account without making a bankbook, or by bypassing the account in the name of an acquaintance and business partner.
D did not report a donation tax even if it purchased a number of real estate such as hanok housing with this money.
The National Tax Service has received billions of won in donation taxes on funds for the acquisition of anomalous properties.
(Photo = National Tax Service, Yonhap News)
An apartment bought at a low price → Chartered to a mother… Shortcut
2020-05-07T08:18:25.641Z
In recent years, when the house price has risen significantly, there has been a case in which high-priced apartments are bought with money donated by parents without giving tax. The IRS today introduced examples of tax evasion through anomalous real estate transactions, foreshadowing an intense tax investigation of 517 people who bought expensive apartments or got expensive charters but had no clear source of funding.
Source: sbskr