๐ Capital Gains Tax Calculator
Calculate capital gains tax by entering selling price, acquisition cost, and holding period.
What is Capital Gains Tax?
Capital gains tax is levied on income from transferring assets such as real estate, land, and stocks.
Long-term holding deduction (up to 20%) applies for assets held 3+ years. Basic deduction of โฉ2.5M applies.
Income Tax Rate Table (2024)
| Tax Base | Rate | Progressive Deduction |
|---|---|---|
| Up to 14M KRW | 6% | 0 |
| 14M-50M KRW | 15% | 1.26M KRW |
| 50M-88M KRW | 24% | 5.76M KRW |
| 88M-150M KRW | 35% | 15.44M KRW |
| 150M-300M KRW | 38% | 19.94M KRW |
| 300M-500M KRW | 40% | 25.94M KRW |
| 500M-1B KRW | 42% | 35.94M KRW |
| Over 1B KRW | 45% | 65.94M KRW |
This is an estimate only. Consult a tax professional for accurate figures.
Worked Examples
Buying at 300M and selling at 500M with 20M of transfer costs leaves 180M of gain before deductions.
Holding the property for ten years qualifies for the long-term deduction, which reduces the taxable base before the progressive rate is applied.
What This Estimate Leaves Out
Rules differ sharply by country: Korea taxes short-held homes at the full progressive rate and exempts single-home owners after two years, the US taxes long-term gains at 0/15/20 % plus the 3.8 % net investment tax, Germany exempts private property after ten years, France applies a 19 % plus 17.2 % levy with allowances. This page does not apply exemptions, one-home relief, instalment payments or local surcharges.
Frequently Asked Questions
- What counts as acquisition cost?
- The purchase price plus acquisition tax, legal fees and capital improvements. Renovation for ordinary repairs is generally not added; work that extends the asset's life or value can be.
- Is the holding period important?
- Yes. Most systems give a deduction or a lower rate after a set period - one to two years in Korea, one year in the US, ten years in Germany - and short holdings may face a surcharge.
- Do I report the sale myself?
- In Korea the transfer must be reported within two months of the sale, in the US on Schedule D of the annual return, in France within a month. Check the deadline that applies to you.