- Benefit
- From the taxable value of the inheritance, the larger of (basic deduction + other personal deductions) and the KRW 500,000,000 lump-sum deduction is deducted, and the spousal deduction, financial property inheritance deduction and co-residence housing inheritance deduction are also available (subject to the overall limit). Tax rates range from 10% for up to KRW 100,000,000 to 50% above KRW 3,000,000,000. If there is a spouse, a KRW 500,000,000 lump-sum + KRW 500,000,000 spousal deduction usually means no inheritance tax up to KRW 1,000,000,000. As far as confirmed, the 2026 tax reform proposal does not change the general deductions and focuses on reforming family business inheritance and stock valuation.
- Who is eligible
- Heirs liable to pay inheritance tax
- When to apply
- File and pay within 6 months from the end of the month in which the date of death falls
- How to apply
- File inheritance tax via Hometax or the tax office with jurisdiction; look up property through Safe Inheritance One-Stop Service (안심상속 원스톱, Government24)
- Important notes
- 6 months (9 months for residents abroad). Installment payment and payment in kind can be requested
- Note
- Gifts made within 10 years before death (5 years for non-heirs) are added to the inherited property. The spousal deduction of KRW 500,000,000 to KRW 3,000,000,000 is limited to the statutory inheritance share. File within 6 months from the end of the month in which death occurred (9 months if abroad).
Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.