The gift tax is calculated Republic of Korea.

Gift tax is calculated by the following rules.

  100 million by 10%
  500 million by 20%
  1000000000 by 30%
  3000000000 by 40%
  A 50% excess of 30 billion

Local taxes are not included in gift tax has.

The basic deductible gift recipient is different for each target.

Donated property deduction limit (total of 10 years per 2014 standard)

Husband <-> Wife: 600 million won
Section (all) -> Character (female): 20 million won minor / adult 50 million won
Section (all) -> Grandchildren (female): 20 million won juvenile / adult 50 million won
Character (female) -> Section (all): 30 million won
Section (all) -> Daughter-in-law (son-in-law): 5,000,000 won
Other relatives, 500 million yuan, an acquaintance: ₩ 500,000

Calculation of the gift recipient, as appropriate combination of conditions, the gift tax may be reduced.