Tax

Gift Property Deduction (Spouse KRW 600,000,000, Direct Family KRW 50,000,000, etc.) (증여재산공제): How to Apply, Amount & Eligibility (2026)

Gift property deduction aggregated over 10 years: spouse KRW 600,000,000, direct ascendants and descendants KRW 50,000,000 (KRW 20,000,000 for minor recipients), other relatives KRW 10,000,000

This page is a translation of the Korean original and is for reference only. The official Korean guidance is the authoritative source for amounts and conditions, so be sure to confirm on the official website before applying. View Korean original (한국어)

Benefit: Deduction limits aggregated over 10 years per recipient: spouse KRW 600,000,000, direct ascendants KRW 50,000,000 (KRW 20,000,000 if the recipient is a minor), direct descendants KRW 50,000,000, other relatives (blood relatives within the 4th degree, in-laws within the 3rd degree) KRW 10,000,000, none for others. After the deduction, tax rates of 10% (up to KRW 100,000,000) to 50% (over KRW 3,000,000,000); gifts from the same person within 10 years are aggregated. A 30% surcharge applies to generation-skipping gifts.
Who is eligible: Residents who received a gift
When to apply: File and pay within 3 months from the end of the month in which the gift date falls
How to apply: File gift tax via Hometax or a tax office (call 126, no area code)
Important notes: 3 months from the end of the month of the gift date. A surcharge applies after that
Note: Parents (direct ascendants) are treated as the same person with both spouses combined, not each separately. Living and education costs that are customary support for dependents are tax-exempt. The marriage and childbirth deduction has a separate limit.

Go to the official guide →

Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.

Frequently asked questions

Gift Property Deduction (Spouse KRW 600,000,000, Direct Family KRW 50,000,000, etc.) (증여재산공제): who can receive it?

Residents who received a gift

Gift Property Deduction (Spouse KRW 600,000,000, Direct Family KRW 50,000,000, etc.) (증여재산공제): how do I apply?

File gift tax via Hometax or a tax office (call 126, no area code)

Gift Property Deduction (Spouse KRW 600,000,000, Direct Family KRW 50,000,000, etc.) (증여재산공제): how much will I receive?

Deduction limits aggregated over 10 years per recipient: spouse KRW 600,000,000, direct ascendants KRW 50,000,000 (KRW 20,000,000 if the recipient is a minor), direct descendants KRW 50,000,000, other relatives (blood relatives within the 4th degree, in-laws within the 3rd degree) KRW 10,000,000, none for others. After the deduction, tax rates of 10% (up to KRW 100,000,000) to 50% (over KRW 3,000,000,000); gifts from the same person within 10 years are aggregated. A 30% surcharge applies to generation-skipping gifts.

Gift Property Deduction (Spouse KRW 600,000,000, Direct Family KRW 50,000,000, etc.) (증여재산공제): when can I apply?

File and pay within 3 months from the end of the month in which the gift date falls