Reported 10 months ago
According to the inheritance and gift tax law, if a person gifts stocks to their spouse or relatives within 2 years before passing away, the stocks are considered part of the inheritance and subject to inheritance tax based on the stock's value at the time of death. For example, if a father gifted his sons 300,000 shares of a certain company at 10 yuan per share, but the stock price surged to 130 yuan per share by the time of the father's death, the sons are now facing an inheritance tax based on the stock's value of 39 million yuan. The taxation authorities advise individuals to carefully consider and report any gifts made within the specified period to avoid unexpected tax consequences.
Source: YAHOO