Gift Carryover Tax Calculator

Gift Carryover Tax Calculator helps estimate Korea-related property tax, capital gains, gift, inheritance, exemption, or transfer scenarios in English.

Gift carryover capital gains tax calculator

Uses the Korean gift carryover model under Income Tax Act Article 97-2 for spouse or lineal-family gifts, donor acquisition basis, donor holding period, 10-year real-estate carryover period, gift tax as necessary expense, normal route, donor-direct route, and savings comparison.

Korean source inputs

Applied scenario

carryover

이월과세를 적용한 양도소득세가 미적용보다 크거나 같아, 비교과세 원칙에 따라 이월과세가 적용됩니다.

Applied total tax

₩130,033,200

Capital gains tax plus local income tax.

Carryover extra tax

₩112,559,700

Carryover scenario minus normal gift-basis scenario.

Gift to sale period

2y 5m

10-year real-estate period reflected.

Gift strategy cost

₩190,033,200

Gift tax plus applied transfer tax.

Gift vs direct savings

-₩37,824,000

Positive means gifting route is cheaper than direct donor sale.

This English calculator calls the same pure real-estate calculation function used by the Korean page. Inputs and labels are translated; the formula is not replaced by a generic stub.

Related calculators

Gift carryover capital gains tax calculator

This page translates the Korean gift carryover calculator for spouse and lineal-family real-estate gifts sold within the carryover period.

Carryover basis rule

Income Tax Act Article 97-2 applies when real estate gifted from a spouse or lineal ascendant or descendant is sold within 10 years. In that case, the donee uses the donor acquisition price and donor holding period instead of the gift-date value and gift-date holding period.

For example, if a husband bought at KRW 500 million, gifted to a wife at KRW 900 million, and the wife sells at KRW 900 million within the period, the carryover basis can make the acquisition basis KRW 500 million and create KRW 400 million of gain before expenses and deductions.

What changes in the calculation

Three items change: acquisition price becomes the donor original price, holding period starts from the donor acquisition date, and gift tax paid can be included as a necessary expense. If the sale occurs after 10 years, the normal gift-date value remains the basis.

For gifts on or after 2023-01-01, the real-estate carryover period is 10 years, extended from the older 5-year rule. Stocks and equity interests have a separate 1-year rule from 2025-01-01, but this calculator is for real estate.

Coordination warnings

If applying carryover would produce a one-house exemption or high-value house result, the carryover rule may not apply. This is why the Korean calculator compares carryover, normal, and donor-direct scenarios.

Do not confuse Article 97-2 carryover taxation with the unfair related-party transaction rule under Article 101(2), although both can regulate transfers within 10 years. Even without carryover, a sale within 2 years of gift can trigger short-term rates such as 60 or 70 percent for housing.