📚 Gift Tax Guide
🎁 Deduction Limits (10-Year Cumulative)
Tax is exempt up to the following amounts combined over 10 years:
💑 Spouse:
600 million KRW
👵 Lineal Ascendant (Parents/Grandparents):
50 million KRW (20m for minors)
👶 Lineal Descendant (Children/Grandchildren):
50 million KRW
🤝 Other Relatives:
10 million KRW
💍
💡 Marriage/Childbirth Deduction (New)
From 2024, donations from lineal ascendants within 2 years of marriage registration or child birth/adoption are eligible for an additional 100 million KRW deduction (Total 150 million KRW).