Hello! I have a question regarding inheritance tax.
It seems like in 2028, the inheritance tax is aimed to be much more favorable to middle class families (which is us). So the question is- my grandparent’s property (commercial + residential- it is attached to each other), has to be redeveloped with i guess private investors since majority of the neighborhood ruled in favor of this or something. With the new inheritance law possibly going into effect in 2 years and 3 months, I am wondering if it’s better if my grandparents just get taxed for the sale of their property and then just hold onto the funds until 2028 and then distribute to each heir since the heir’s won’t be taxed again since it will be under the new max threshold per heir? I guess if any of my parent’s siblings need funds, they can just get the small gift amount to help them out until the new law passes? They are definitely going to talk to someone there like a cpa or tax attorney or something but just wanted to know other’s thoughts since I am not familiar with the Korean laws, thanks!
submitted by /u/HJ4110
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