Real Estate & Tax Β· π°π· Korea
Gift vs. Sell vs. Hold (Korea Property Tax)
Compare after-tax proceeds across sell, gift, and 10-year hold scenarios for Korean property.
About this tool
Korean Gift-vs-Sell-vs-Hold Calculator simulates after-tax proceeds across three scenarios β sell now, gift now, sell 10 years later β when transferring property to a spouse or descendant. From acquisition cost, current value, holding/residency period, gift recipient, and assumed appreciation, it computes capital-gains tax (auto-branched long-hold deduction Tables 1/2), gift tax (β©50M descendant / β©600M spouse exemption), 1-house non-taxable up to β©1.2B, the 10-year carryover-tax rule (Income Tax Act Β§97-2), and burden-bearing gifts. It also flags low-price-sale (under-30% deemed gift) and the temporary-2-house 3-year exemption. All math is client-side.
Use cases
Scenario 1
1-house over β©1.2B
For a β©1.5B sale on a single home, simulate the over-β©1.2B portion taxed Γ Table-2 80% long-hold deduction.
Scenario 2
Gift to child vs hold
Compare gift tax after the β©50M descendant exemption against the child's asset value if held 10 more years.
Scenario 3
Burden-bearing gift with loan
Transfer with loan assumption β split capital-gains on the debt portion vs gift tax on the rest.
Scenario 4
Carryover-tax avoidance
If the recipient sells within 10 years of a spouse-gift, the donor's acquisition cost applies β see the savings vanish.
Scenario 5
Temporary 2-house 3-yr exemption
Within 3 years of a new home, sell the prior home and simulate 1-house non-taxable applicability.
Features
- Sell now / gift now / sell-in-10-yr scenarios
- 1-house β©1.2B non-tax + 80% long-hold deduction
- Long-hold Tables 1 / 2 auto-branched (residency)
- Burden-bearing gift split calc
- Carryover-tax Β§97-2 10-yr rule applied
- Auto exemption by recipient class
- URL share + fully in-browser
Frequently asked
- Q. What qualifies for 1-house non-tax?
- A. All household members hold no other home, at least 2 years of holding (residency too in regulated zones), sale β€ β©1.2B β fully non-taxable. Above β©1.2B is taxed but Table-2 80% long-hold deduction applies.
- Q. Low-price sale to child = gift tax?
- A. Between related parties, if the discount exceeds the lower of 30% of fair value or β©300M, the gap is deemed a gift and taxed (Inheritance & Gift Tax Act Β§35).
- Q. What's carryover taxation?
- A. Selling a gifted property from spouse / lineal kin within 10 years (post-2023-01 acquisitions) reverts to the donor's basis (Β§97-2), blocking step-up-to-gift strategies.
- Q. Do gifts within 10 years aggregate?
- A. Yes β gifts from one giver (parents combined) within 10 years aggregate at progressive rates. Spreading them out matters.
- Q. Can I close on this result alone?
- A. No. It's a rough early-stage estimate. Actual tax depends on standard prices, appraisals, supporting docs, and household composition β consult a tax professional.
Sources / references
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How we run it / disclaimer
This tool is advisory and does not constitute legal, tax, medical, or financial advice. All calculations and document generation run in your browser; inputs are never sent to a server. Ads follow Google AdSense policy and are kept separate from tool accuracy.