🎁 Gift Tax Calculator ※ Based on 2025

Automatically calculate the gift tax due when transferring property. It applies deductions by relationship (spouse, lineal ascendant, lineal descendant) for an accurate tax estimate.

Gift Property Value (KRW)

Relationship to Donor

Gifts from same person in past 10 years (KRW) (Total gift property received from the same person over the past 10 years)

Calculated Gift Tax

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Total Gift Amount—

Gift Property Deduction—

Taxable Base—

Applied Tax Rate—

Net Amount Received (after tax)—

Gift Tax Information

Gift Property Deduction (10-year aggregate)
• Spouse: 600M KRW
• Lineal ascendant: 50M KRW (minor 20M)
• Lineal descendant: 50M KRW (minor 20M)
• Other relatives: 10M KRW
• Other: no deduction

Gift Tax Rates (progressive)
• Up to 100M: 10%
• 100M–500M: 20%
• 500M–1B: 30%
• 1B–3B: 40%
• Over 3B: 50%

Key Points
• Gifts from the same person over 10 years are aggregated
• Filing deadline: within 3 months from end of the month of the gift
• Non-filing penalty: 20% (under-reporting 10%)
• Late payment penalty: 10.95%/year

※ This calculator is based on South Korean tax law

GUIDE

Learn more

What is Gift Tax?

Gift tax is levied when property is acquired from another person without consideration. A gift includes not only legal acts such as contracts, wills, and trusts, but every case where property is effectively transferred for free. For example, if a parent gifts 300M KRW to a child, the lineal-descendant deduction of 50M KRW is subtracted, making the taxable base 250M KRW, to which progressive rates apply. The recipient pays the gift tax and must file and pay within 3 months from the end of the month of the gift. Failure to file incurs a 20% non-filing penalty and a 10.95%/year late-payment penalty.

Gift Property Deduction: Limits by Relationship

The gift property deduction varies by the relationship between donor and recipient and is aggregated over 10 years. For a spouse the deduction is 600M KRW; for gifts from a lineal ascendant (parents, grandparents) it is 50M KRW for adults and 20M KRW for minors. For gifts to a lineal descendant (child) the deduction is also 50M KRW for adults and 20M KRW for minors, while other relatives (within 6 degrees of blood, 4 degrees of in-law) get only 10M KRW. For example, if a parent gifts 100M KRW to an adult child, after the 50M deduction the taxable base is 50M KRW, taxed at 10% for 5M KRW of gift tax.

Gift Tax Saving Strategies

To reduce gift tax, maximize the deduction limit and split gifts over 10-year cycles. For example, if a parent gifts 50M KRW each to two children every 10 years, a total of 100M KRW can be gifted tax-free. Over 30 years with 3 gifts, 300M KRW can be transferred without tax. Using the spouse deduction (up to 600M KRW), a couple can each gift to children, doubling the effective deduction. Real estate is taxed on the official assessed value, so a high market price with a lower assessed value reduces the gift-tax burden. Be careful: if judged as a low-price transfer, gift tax may be reassessed, so keep the difference from market value under 30%.