Kids become family assets owners

时间：2007-12-06 08:38:23

（单词翻译:单击）

Chinanews, Zhengzhou, Dec. 6 – In Zhengzhou, an increasing number of kids have become authorized1 owners of their family assets. A seven-year-old pupil is said to own three houses that are worth one million yuan under his name. A five-year-old kid has a villa2 valued at nearly two million yuan. In recent years, more and more young millionaires have emerged in Zhengzhou and according to a staff member working at Zhengzhou House Management Bureau, the number is still increasing by 3,000 every year, the Henan-based Dong Fang3 Jing Bao reported.

 

An official at Zhengzhou House Management Bureau said the phenomenon arose because of several reasons.

 

The first reason is that some parents buy houses for their children in order to avoid inheritance tax. In recent years, China has constantly lifted the tax rate for house ownership transfer. Although China does not implement4 the inheritance tax at present, people fear that such tax might be levied5 at any time in future. So they take action now to avoid the possible rising transfer fees and the inheritance tax.

 

Second, some parents buy houses for their children in the hope that their children can live a comfortable life in future. Nowadays, as most parents have only one child in the family, they tend to idolize the child. When they have the money, some parents might consider buying a house for their children as a birthday gift.

 

Third, some parents put their housing assets under their child's name, thinking that in case the parents get divorced, there won't be any financial disputes between the couple.

 

Fourth, some people, after getting remarried, want to give their house to the child they have with their new husband or wife, so that the stepchild won't argue for the house in future.

 

Finally, some businesspeople put the houses under their child's name so that once they are in debt, they won't have to dispense6 with all their money to pay off the debt. Their child, in this case, will not need to endure any hardships despite their parents' difficulties.

 
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1 authorized jyLzgx     
a.委任的，许可的
参考例句：
  • An administrative order is valid if authorized by a statute.如果一个行政命令得到一个法规的认可那么这个命令就是有效的。
2 villa xHayI     
n.别墅，城郊小屋
参考例句：
  • We rented a villa in France for the summer holidays.我们在法国租了一幢别墅消夏。
  • We are quartered in a beautiful villa.我们住在一栋漂亮的别墅里。
3 fang WlGxD     
n.尖牙，犬牙
参考例句：
  • Look how the bone sticks out of the flesh like a dog's fang.瞧瞧,这根骨头从肉里露出来，象一只犬牙似的。
  • The green fairy's fang thrusting between his lips.绿妖精的尖牙从他的嘴唇里龇出来。
4 implement WcdzG     
n.(pl.)工具，器具；vt.实行，实施，执行
参考例句：
  • Don't undertake a project unless you can implement it.不要承担一项计划，除非你能完成这项计划。
  • The best implement for digging a garden is a spade.在花园里挖土的最好工具是铁锹。
5 levied 18fd33c3607bddee1446fc49dfab80c6     
征（兵）( levy的过去式和过去分词 )； 索取； 发动（战争）； 征税
参考例句：
  • Taxes should be levied more on the rich than on the poor. 向富人征收的税应该比穷人的多。
  • Heavy fines were levied on motoring offenders. 违规驾车者会遭到重罚。
6 dispense lZgzh     
vt.分配，分发；配(药)，发(药)；实施
参考例句：
  • Let us dispense the food.咱们来分发这食物。
  • The charity has been given a large sum of money to dispense as it sees fit.这个慈善机构获得一大笔钱，可自行适当分配。

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