How much is the spousal gift limit?

The spousal gift limit allows up to 600 million won in gift tax deduction over 10 years combined.

In other words, property transfer between spouses can be conducted without tax burden within a certain range, and gift tax is only assessed on amounts exceeding this.

This standard is judged based on the spousal gift limit.

For reference, deductions of 50 million won for adult children and 10 million won for other relatives are recognized respectively.

Gift tax filing can be done through electronic filing via the National Tax Service Hometax or by visiting the competent tax office, and generally, documents such as the tax base return, gift property valuation statement, and self-payment form must be submitted.

The filing and payment deadline is within 3 months from the end of the month in which the gift date falls, and if filed within the deadline, some tax credit benefits may apply, but additional taxes may be imposed in case of delay or omission, so caution is needed.

In addition, since taxation criteria may vary depending on the timing of the gift and the property valuation method, accurate amount calculation in advance is important.

In particular, for high-value gifts, it is desirable to conduct tax review in parallel to reduce unexpected tax burdens.