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Is giving land expropriated for public facilities subject to gift tax?
According to Article 50-1 of the Urban Planning Law, the transfer of land expropriated for public facilities between spouses or lineal relatives shall be exempt from the gift tax. However, the amount shall still be included in total gift amount to calculate the value of gift, and the same amount shall be deducted from the total in the column of “deduction”.
Issuing Unit：National Taxation Bureau of Southern Area
Publish date：2019-10-01
View Date：2019-10-01
Update Date：2019-10-01
Rate：385