Utilz
Capital Gains Tax Calculator
Estimate Korean real estate capital gains tax
Why Use This Tool?
- Estimate your capital gains tax before selling property.
- Understand the impact of holding period deductions.
- Account for multi-home surcharges and regulated area rules.
Calculation
Gain = Sale Price - Purchase Price - Expenses. Tax Base = Gain - Holding Period Deduction - Basic Deduction (2.5M KRW). Tax is computed using progressive rates (6-45%). Local tax = 10% of income tax.
How to Use
- Enter purchase and sale prices
- Enter expenses and holding period
- Select property type and regulated area status
- View tax breakdown including local tax
FAQ
What is the basic deduction?
A basic deduction of 2,500,000 KRW is applied to the taxable gain before calculating tax. This reduces the tax base for all property sales.
What is the holding period deduction?
If you hold a non-regulated property for 3+ years, you receive a deduction of 2-30% of the gain. The rate increases with holding period, up to 30% for 15+ years.
What are the surcharges for multiple homes?
In regulated areas, 2nd home owners face a 20% surcharge and 3+ home owners face a 30% surcharge on top of the basic rate. Short-term holdings (under 2 years) face flat rates of 60-70%.