Gift Tax Calculator
Calculate Korean gift tax instantly using the latest 2026 tax rates.
Enter the amount received in Korean won.
Total gifts received from the same person in the past 10 years, excluding this gift.
Tax Due
No tax due
- Taxable Amount
- 0KRW
- Tax Rate
- 0%
- Progressive Deduction
- 0KRW
- Effective Rate
- 0.00%
- Lineal ascendant deduction applied
- Amount is within the deduction limit — no tax due.
What is Gift Tax?
Gift tax (Jeungyeose) is a tax paid by the recipient (donee) when receiving property without consideration from someone else. Korea's gift tax follows the Inheritance and Gift Tax Act, with progressive rates from 10% to 50% and different deduction limits based on the relationship between the parties. As of 2026, the main deduction limits are KRW 600 million for spouses, KRW 50 million for adult lineal descendants from lineal ascendants (KRW 20 million for minors), KRW 50 million from lineal descendants, and KRW 10 million from other relatives (siblings, in-laws). These limits accumulate over a rolling 10-year window for the same relationship — additional gifts within 10 years are summed against the same limit and only the excess is taxed. The filing and payment deadline is within 3 months from the end of the month of the gift, and voluntary filing within the deadline grants a 3% credit on the assessed tax. The rate schedule has five brackets: 10% up to KRW 100M, 20% up to KRW 500M, 30% up to KRW 1B, 40% up to KRW 3B, and 50% above KRW 3B. This calculator simulates a single straightforward gift. It does not reflect complex cases such as accumulated prior gifts within 10 years, gift property aggregation, repeated gifts, or family business succession exemptions. Always confirm with a tax accountant or Hometax before actual filing.
When is this calculator useful?
Marriage or housing funds
Simulate possible gift tax when parents help a child with marriage or housing funds. Only amounts exceeding the KRW 50M deduction for adult lineal descendants are taxed.
Transfer to a spouse
When transferring property or stock between spouses, check whether the amount stays within the KRW 600M deduction. Because the limit accumulates over 10 years, prior gift history must also be considered.
Supporting children's tuition or business
Review taxability when transferring large amounts for tuition or business funding. Routine living and education expenses are generally non-taxable, but large amounts used for asset formation may be taxable.
Gifts from other relatives or non-relatives
Estimate the tax when receiving over KRW 10M from other relatives (siblings, uncles, aunts) or from non-relatives (friends, acquaintances). Non-relatives have no deduction and are taxed immediately.
Gift Tax Deduction Limits (2026)
| Relationship to donor | Deduction Limit |
|---|---|
| Spouse | 600,000,000KRW |
| Lineal ascendant (parent, grandparent) | 50,000,000KRW |
| Adult lineal descendant (child, grandchild) | 50,000,000KRW |
| Minor lineal descendant (child, grandchild) | 20,000,000KRW |
| Other relative (sibling, etc.) | 10,000,000KRW |
| Other / Unrelated | 0 |
How to read the result
The result consists of the following items. • Gift property value: the assessed value of the gifted property. Real estate and stocks are valued at market price or by supplementary valuation rules. • Gift property deduction: the per-relationship limit (KRW 600M for spouse, KRW 50M for adult lineal descendant, etc.) is applied automatically. • Taxable base: gift property value minus the deduction. • Assessed tax: the taxable base multiplied by the progressive rate schedule. • Voluntary filing credit: 3% of the assessed tax if filed within the deadline. • Final tax: assessed tax minus the voluntary filing credit. Local income tax is not added on top of gift tax (gift tax is a national tax), but acquisition tax applies separately when real estate is gifted.
Things to keep in mind
- The deduction limit accumulates over a 10-year rolling window for the same relationship. If there were prior gifts from the same person within 10 years, those amounts must be added for an accurate result.
- Gifting real estate or unlisted stock involves complex valuation that may differ from the simple inputs in this calculator. An appraisal may be required.
- The voluntary filing credit only applies when filed within the deadline (3 months from the end of the month of the gift). Late or under-reporting incurs additional penalties.
- Gifting real estate also incurs acquisition tax (typically 3.5–12%), Special Tax for Rural Development, and local education tax — separately from the gift tax.
- Special exemptions such as family business succession or startup funding are not reflected in this calculator. Consult a tax accountant separately.
- Non-residents (Koreans abroad or foreigners) receiving gifts may be subject to different laws and rates. Verify with the Ministry of Foreign Affairs or the National Tax Service.
Frequently Asked Questions
- When is the gift tax filing deadline?
- You must file within 3 months from the end of the month in which the gift was received. Filing before the deadline entitles you to a 3% reduction on the calculated tax.
- Is there no tax if I receive ₩50 million from my parents?
- If the total gifts received from lineal ascendants (parents, grandparents) over 10 years is ₩50 million or less, no gift tax applies. However, this is a cumulative 10-year limit, so prior gifts must be included.
- How much can I receive from my spouse tax-free?
- Gifts from a spouse are deductible up to ₩600 million over 10 years. The portion exceeding ₩600 million is subject to tax rates of 10–50%.
- Can I use this calculator for tax filing?
- This calculator is for reference only. Please consult a tax professional or the National Tax Service before filing. Actual tax amounts may vary based on individual circumstances.
- I received marriage funds from my parents — do I need to file?
- An adult child receiving from lineal ascendants (parents) is exempt up to KRW 50M accumulated over 10 years. Marriage funds exceeding KRW 50M must be reported, and large amounts beyond routine living/education expenses (such as home-purchase funds) are taxable.
- How is the 10-year accumulated limit calculated?
- All gifts received from the same donor (e.g., a parent) within 10 years going back from the current gift are summed against the deduction limit. Example: if you received KRW 30M from a parent five years ago, your remaining tax-free room is KRW 20M.
- Do I also pay acquisition tax when receiving real estate as a gift?
- Yes. Gift tax is a national tax and acquisition tax is a separate local tax. The acquisition tax rate for gifted real estate is typically 3.5–12%, plus Special Tax for Rural Development and local education tax. This calculator computes only the gift tax — use the acquisition tax calculator separately.
- What is the downside of not filing voluntarily?
- Filing within the deadline gives a 3% credit on the assessed tax. Without filing, a non-filing penalty (20%) plus late-payment interest (around 8.03% per year) are added, substantially increasing the burden.
Official Sources
Always verify with the official sources below