Calculates the tax levied on the donation of property, such as real estate, without financial consideration. You can also calculate assets including debt.
If a house is acquired through a gift(free of charge), a fixed tax rate of 3.5% or 12% is applied. You can calculate it in Acquisition Tax Calculator.
If you give a gift including a debt, you must calculate the transfer tax in accordance with the burden contribution calculation method. You can check the detailed calculation method at Korean Real Estate Wiki(korean language).
URL Saved! click to copy url
Give Tax Rate Table
|tax base||tariff||progressive deduction|
|less than 100 million won||10%||0 won|
|less than 500 million won||20%||10 million won|
|less than 1 billion won||30%||60 million won|
|3 billion won or less||40%||160 million won|
|More than 3 billion won||50%||4.6 billion won|
Inspected by Kang Dong-kyun, a certified tax accountant specializing in real estate taxes.
CautionThis calculator should only be used as a reference to estimate the approximate amount, and when paying the actual gift tax, you should seek the help of a certified tax accountant.
copyright 2015 - 2021 Korean Real Estate Calculator (kdbs.fran.kr) All right reserved.