While similar tax-minimisation strategies are common around the world, gifted shares in other countries are often managed through trusts until children reach adulthood. Photo: Reuters

South Korea’s rich kids are gifted millions in shares to avoid estate taxes

  • The ageing tycoons who fuelled Korea’s post-war industrialisation shift their stakes to descendants to avoid inheritance taxes that can reach 50 per cent
  • While similar tax-minimisation strategies are common around the world, gifted shares in other countries are often managed through trusts until children reach adulthood
Topic |   Wealth management

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While similar tax-minimisation strategies are common around the world, gifted shares in other countries are often managed through trusts until children reach adulthood. Photo: Reuters
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