教育｜教育贈与非課税措置の終了決定 / Education | Decision to End Tax Exemption for Educational Gifts

Summary

The government has decided to end the tax exemption for gift tax when parents or grandparents make lump-sum educational fund gifts to their children or grandchildren, opting not to extend it beyond the end of March next year.

This decision is reportedly influenced by the fact that the measure has not been widely utilized and criticisms that it perpetuates economic disparities. Additionally, the complexity of the application process has also contributed to a declining number of cases.

Dialogue

This dialogue is fictional and based on the article.

Chako: Hey, it seems like the tax exemption for education funds is coming to an end! That’s surprising, isn’t it?
Log: Yeah, it looks like the extension is being put on hold. Apparently, the low usage rates are the reason for that.
Chako: I wonder why so many people didn’t use it?
Log: Maybe it was because the process was too complicated? There were also criticisms that it could reinforce economic disparities.
Navi: It’s believed that the complexity of the procedures was a major factor in the low utilization of the lump-sum gift for education funds. In any case, there’s a need for a more user-friendly system.
Chako: I agree! It would have been great if it were simpler!

Admin’s Note

Regarding the end of the tax exemption for educational gifts, it is said that the decline in usage was due to the complexity of the procedures and issues related to economic disparity. Particularly, since educational funds are a vital source of support for many families, there is a need to reevaluate the system and improve it to make it more accessible. From the conversation between Chako and Log, I also felt that it is important for the younger generation to take an interest in this system and express their opinions. I look forward to following future policy developments.