Practice Areas

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  • Inheritance & Gift Tax Service

Inheritance & Gift Tax Service

CENTRIC has the industry’s most extensive track record in inheritance and gift tax cases. By working closely with inheritance-specialized attorneys, we provide seamless one-stop services.

Inheritance Tax Services

Inheritance is an inevitable event, but when it occurs suddenly, families are often unprepared and overwhelmed.

Inheritance tax filing and audits involve a comprehensive review of the deceased’s lifetime assets, requiring thorough analysis and careful preparation. The guidance of experienced professionals with deep expertise in inheritance matters is therefore essential.

CENTRIC was the first in the industry to establish a dedicated team for property taxation. Our experts, including former private bankers and inheritance specialists, possess unparalleled experience and know-how in managing inheritance matters.

Detailed Inheritance Tax Services
1. Guidance and consultation on inheritance procedures
2. Collection of required documentation for tax filing
3. Preparation of inheritance division and registration documents
4. Valuation of inherited assets
5. Analysis of financial data: review of 10 years of financial transactions of both decedent and heirs
6. Registration of inherited assets based on division agreements
7. Inheritance tax filing and guidance
8. Audit representation and support in inheritance tax investigations

Gift Planning Services

Unplanned inheritance often leads to excessive tax burdens and family disputes. With proper advance planning, however, both tax burdens and conflicts can be minimized.

Gift planning is generally a long-term process that extends until the final stage of inheritance. It requires thorough preliminary analysis, as well as expertise and practical experience in post-gift asset management.

At CENTRIC, we collaborate with legal experts to provide one-stop integrated tax and legal services. We reflect the donor’s intentions faithfully, while preventing potential family disputes.

Our dedicated property tax team has accumulated extensive experience through working with CEOs, private banking clients, and high-net-worth individuals. With this background, we deliver tailored tax planning and succession strategies, ensuring efficient asset transfers until the inheritance stage is complete.

Detailed Gift Planning Services
1. Review of current situation: analysis of assets, family members, and income for plan development
2. Asset analysis: valuation and structuring for optimized asset composition
3. Establishing the donor’s intent
4. Presenting alternatives: tax planning by asset type and timing; advance interpretation requests if needed
5. Execution and adjustments: responses to changing circumstances or contingencies
6. Post-gift management

Key Achievements

  • Provided succession planning for S Steel and P Foundation involving share transfers

  • Represented C Company (listed firm) in inheritance tax filings and audit defense for controlling shareholders

  • Reduced gift tax by 60% through restructuring and share transfer planning for S Trading

  • Delivered tax advisory services to PB clients of S Life Insurance and S Bank in collaboration with financial institutions

  • Filed and defended an average of 15–20 inheritance tax cases annually

  • Provided inheritance and gift services in high-value cases exceeding KRW 1 trillion in taxable estate value

  • Represented numerous listed companies (O Corp, D Sugar, D Petrochemical, S Pharma, H Industry) in inheritance tax filings and audits

  • Assisted H Pharma executives with gift tax filings

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Professionals