Deemed Rent Calculator
If you rent a house and receive a deposit or lease, calculate that you have rent income by multiplying the average deposit interest rate.
If you own at least three houses (with your spouse) and the total deposit exceeds 300 million won, the considered rent for the deposit, etc. shall be included in the total income of the rental business.
Territory rent = (deposit - 300 million won) * 60% * Number of days of target period / 365 (leap year 366) * 1.8
- Article 25 of the Income Tax Act and Article 53 of the Enforcement Decree of the Income Tax Act
The average deposit interest rate announced by the integer is used for calculating the legal deemed rent.
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