Inheritance Tax Calculator
Calculates the tax levied upon inheritance of property following death.
You can select a large amount of basic deduction (200 million won) + human deduction (children, elderly, disabled, etc.) and lump sum deduction (500 million won).
Calculation Result
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Notice
Inheritance 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.
Caution
This calculator should only be used as a reference to estimate the approximate amount, and when paying the actual inheritance tax, you should seek the help of a certified tax accountant.
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