Gift of Education Funds Special Measures for Tax Exemption Considered by Extension of Deadline November 14, 5:26
In order to ease the burden of raising children for the younger generation, the government and the ruling party have set a deadline of the end of March next year for special measures to prevent gift tax from being applied when receiving a lump sum of educational funds from grandparents. We have started to consider extending it.
This special measure is a system in which gift tax is exempted when a person under the age of 30 receives a lump sum of up to 15 million yen for educational funds such as entrance fees and tuition fees from grandparents and parents.
This measure is due by the end of March next year, but the government and the ruling party have begun to consider extending it, saying that it is necessary to continue supporting child-rearing for the younger generation.
Regarding gift tax, there is a special measure that exempts children from taxation up to 10 million yen when they receive assistance from grandparents and parents for marriage, childbirth, and childcare, and the deadline is the end of March next year as well. I am.
Regarding this system, while there is an opinion within the government that "the number of uses is small and should be reviewed", there is also an opinion that "it is necessary in the future as a measure against the declining birthrate", and whether the government and the ruling party should extend the deadline. , I'm going to discuss.