Inherited House Tax Exemption Calculator

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

Inherited house tax exemption checker

Uses the Korean inherited-house exemption model for the five special-rule requirements, minor co-ownership shares, high-value house apportionment, and tax savings.

Korean source inputs

Verdict

Qualified

Inherited house excluded from house count.

Tax saving

₩142,846,000

Difference between special-rule and ordinary two-house taxation.

Special-rule tax

₩0

Taxable gain ₩0.

Without rule tax

₩142,846,000

Tax base ₩389,500,000.

Long-term deduction

₩0

Rate 0%.

Checks passed

5/5

0 warnings, 3 tips.

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

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Inherited house tax exemption checker

This English guide follows the Korean inherited-house special-rule calculator for one-house capital-gains-tax exemption when an ordinary homeowner unexpectedly becomes a two-house household through inheritance.

What the inherited-house special rule does

The legal basis is Income Tax Act Enforcement Decree Article 155(2). The rule does not exempt the inherited house itself; it treats the inherited house as excluded from the house count when the taxpayer sells the ordinary general house.

The general house must be sold before the inherited house. Unlike temporary two-house treatment, there is no disposal deadline for the general house, but sale order is decisive. If the inherited house is sold first, the special rule disappears for the remaining general house.

Five requirements and priority order

For sole inheritance or the largest co-ownership share, the general house must have existed before inheritance, the decedent generally must have been a separate household, the inherited house must be the priority inherited house, the general house must be sold first, and the general house itself must satisfy the one-house exemption requirements.

If the decedent left multiple houses, the priority inherited house is decided by ownership period, residence period, residence at inheritance, and highest standard value. Non-priority inherited houses are included in the heir house count and can block exemption for the general house.

Co-ownership, high-value housing, and tax math

A minor co-ownership share is not counted in the owner house count. The largest shareholder is determined first by largest share, then by resident of that house, then by oldest person; minority shareholders can often sell their own general house without the usual priority-house and disposal-deadline concerns.

The general one-house rules still matter. A 2-year holding requirement applies, and a 2-year residence requirement applies if the general house was acquired in a regulated area. Sale price up to KRW 1.2 billion can be exempt; if the sale price exceeds KRW 1.2 billion, only the excess portion is taxed with long-term holding deduction and 10 percent local income tax reflected by the Korean function.