When inheriting a condominium from mother and father, and so on., there are instances the place the “assessment value”, which is the idea for calculating inheritance tax based mostly on the land value, is considerably decrease than the precise buy value, resulting in vital tax financial savings. Therefore, the National Tax Agency has established a coverage of setting this valuation to not less than 60% of the newly calculated “market price”.
Source
Significant tax financial savings on condominium inheritance, and so on. Assessment worth not less than 60% of market value | NHK
