Reported about 1 year ago
Ning Yuchen, according to Article 30, Paragraph 4 of the Inheritance and Gift Tax Law, managed to transfer her deceased husband's estate successfully despite not being able to pay the 80 million estate tax upfront. She sought help from the tax authorities and utilized the provision allowing for physical assets to be used as payment when facing difficulties paying with cash, ultimately receiving approval to use the funds in a trust account related to a pending property sale to settle the tax bill and transfer the estate smoothly.
Source: YAHOO