040 In the case that business successor hasn’t been fixed, can the special treatment on the loan land for business housing
According to the 2010 Tax Reform, they need to fulfill the
three conditions in order to make the 50% devaluation
applicable to the loan land for business housing; business
succession, ownership, and continuation of the business.
However, business successor cannot be confirmed during
the term of declaration, depending on the situation. In this
case, can the special treatment be applicable?
National Tax Agency revealed its opinion that it is applicable
if they submit “certificate of division within 3 years after the
term of declaration” in the time of declaration of inheritance
tax even in the case above.
We have to be careful when we fall under this case.
