The Gift Tax Calculator (for reference only) is a simulation app that roughly estimates gift tax.
You can input gift assets (cash, real estate, stocks, etc.), burdened gift liabilities, re-gifts within 10 years (surcharges), prepaid taxes, and reported tax credits (3%) to obtain an estimated tax amount for reference purposes.
Key Features
Gift property deductions apply based on the donor's relationship (spouse/direct ascendant/direct descendant/other relative/other person)
Support for entering the amount of burdensome gifts (debt inheritance)
Additional taxation for re-gifting within 10 years and deduction of previously paid taxes (simplified reflection)
Option for entering surcharges for skipping generations (30%/40%)
Applying appraisal fee deductions (up to KRW 5 million)
Input convenience features (automatic formatting of commas between thousands, etc.)
Important Notes
This app provides only reference results calculated according to a formula based on the user's input.
Actual reported and paid taxes may vary depending on interpretations by the tax authority, individual facts, tax law revisions, regulations, and precedents.
For accurate tax base calculations and filing, please consult a tax professional.
⚠️ Terms of Use and Disclaimer (Required)
This app is a simulated calculation and may not fully reflect the latest tax law revisions, regulations, case law changes, or all inheritance and gift tax regulations.
Errors may occur in the calculation process or results, and these results have no legal effect.
These results cannot be used as a basis for filing or paying taxes.
The service provider and developer are not liable for any direct or indirect damages, civil or criminal, arising from the use or results of this service.
For accurate tax base calculations and tax reporting, please consult a professional tax accountant.