Inheritance & Gift Taxes
[Case Success] Cancellation of Inheritance Tax Assessment Based on NTS Small Building Appraisal Project – KRW 10 Billion Refunded
Case Overview Since 2020, the National Tax Service (NTS) has implemented the “Small Building Appraisal Project” to enhance fairness in inheritance and gift taxation. Under this initiative, the NTS conducted retroactive appraisals on properties for which inheritance tax had already been properly reported and paid, resulting in additiona...
schedule 2025.12.30