What is a Taxable Estate?

The inheritance and gift tax law is the current basic statute of inheritance and gift tax in Taiwan Province. There are 6 chapters and 59 articles. It was promulgated and implemented on February 6, 1973, and has been amended many times since. The law stipulates that, if a national who regularly resides in the territory has property at the time of death, he shall be levied an inheritance tax on his entire estate in the country. Nationals who are resident overseas and non-nationals who have property in the country at the time of death shall be levied an estate tax on their estate in the country according to law. Nationals who regularly reside in the country who donate their property at home or abroad are subject to a gift tax in accordance with law. ^[1]