🎁 Gift Tax Calculator
Gift Tax Exemption
Adult Child: 5000만원 (per 10 years)
Gift Amount
1.0억원
Exemption
5000만원
Taxable
5000만원
Gift Tax
485만원
📊 Tax Calculation Details
Gift Amount100,000,000원
(-) Exemption-50,000,000원
Taxable Amount50,000,000원
Tax (10%)5,000,000원
(-) Filing Credit (3%)-150,000원
Gift Tax Due4,850,000원
📈 Gift Tax Rates
| Taxable Amount | Rate | Deduction |
|---|---|---|
| 0원 ~ 1.0억원 | 10% | 0원 |
| 1.0억원 ~ 5.0억원 | 20% | 10,000,000원 |
| 5.0억원 ~ 10.0억원 | 30% | 60,000,000원 |
| 10.0억원 ~ 30.0억원 | 40% | 160,000,000원 |
| 30.0억원 over | 50% | 460,000,000원 |
🎁
Gift Tax Result
485만원
Gifting 1.0억원 to Adult Child
📢 Share with friends
Share this useful information
#GiftTax #TaxCalculator
Note
Gift tax must be filed within 3 months of the gift date. Consult a tax professional for accurate calculations.
💡Check these out next
What is Gift Tax?
Gift tax is levied when receiving property for free. Exemption limits vary by relationship, and gifts from the same person are cumulated over 10 years.
Gift Exemptions
| Relationship | Limit (10 years) |
|---|---|
| Spouse | 600M KRW |
| Adult Child | 5,000M KRW |
| Minor Child | 2,000M KRW |
| Parent | 5,000M KRW |
| Other Relative | 1,000M KRW |