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Korea Gift Tax Calculator

Rates from 10% to 50% after relationship-based deductions.

Gift tax calculator (Korea)

KRW
KRW

Both parents combined

KRW

Within 2 years of marriage or birth

Gift tax due

₩4,850,000

Taxable ₩50,000,000 · 10% bracket

Gifts (10-year total)
₩100,000,000
Deductions
−₩50,000,000
Taxable amount
₩50,000,000
Computed tax
₩5,000,000
Filing credit (3%)
−₩150,000
Tax due
₩4,850,000

File within 3 months after the end of the month of the gift to get the 3% credit. Property must be valued at market value.

TaxableRateQuick deduction
Up to ₩100 million10%₩0
Up to ₩500 million20%₩10,000,000
Up to ₩1,000 million30%₩60,000,000
Up to ₩3,000 million40%₩160,000,000
Over ₩3,000 million50%₩460,000,000

FAQ

How much can parents give tax-free?

₩50M per 10 years to an adult child, plus up to ₩100M around marriage or birth.

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