Capital Gains Tax Calculator (양도소득세 계산기)
Calculate Korean property capital gains tax with long-term holding deduction.
years
No capital gain
No capital gains tax when the sale price is equal to or less than the purchase price.
Total Tax (양도소득세 합계)
| Capital Gain (양도차익) | |
| Long-term Deduction (장기보유특별공제) | |
| Basic Deduction (기본공제) | |
| Taxable Income (과세표준) | |
| Income Tax (양도소득세) | |
| Local Tax (지방소득세) |
Notes (참고사항)
- 1-Home owner: 4% per year deduction (max 80%)
- Multi-home: 2% per year deduction (max 30%)
- Deduction requires minimum 3 years of holding
- Basic deduction: 2,500,000 KRW
- This is a simplified calculation. Actual tax may vary based on expenses, special deductions, etc.
Frequently Asked Questions
When do I owe capital gains tax on Korean property?
Capital gains tax (양도소득세) applies when you sell property at a profit. Tax rates are progressive, ranging from 6% to 45% on the gain. One-home households may be fully exempt if they owned and lived in the home for 2+ years and it is valued under 1.2 billion won.
What is the long-term holding deduction for Korean property?
The long-term holding deduction reduces taxable gains for properties held 3+ years: 6% per year of ownership (up to 30%) and 8% per year of residence (up to 40%). Combined, a homeowner who held and lived in a property for 10+ years can deduct up to 80% of the gain.
How are short-term property sales taxed in Korea?
Properties held for less than 1 year are taxed at 70% of the gain. Properties held 1–2 years are taxed at 60%. These high rates are designed to discourage short-term property speculation. After 2 years, normal progressive tax rates (6–45%) apply.