Acquisition Tax Calculator

Acquisition tax (취득세, chwideusse) is a local tax imposed when you acquire taxable assets such as real estate, vehicles, machinery, or memberships in South Korea. For real estate, the obligation to pay acquisition tax arises whenever you acquire ownership through any means—purchase, inheritance, gift, exchange, or new construction (original acquisition). The tax must be reported and paid within 60 days from the date of acquisition (the earlier of the final payment date or registration date) to the relevant city, county, or district office. For inherited property, the deadline is 6 months from the end of the month in which the inheritance commenced. In addition to the base acquisition tax, local education tax and rural special tax are also levied simultaneously. The sum of these three taxes constitutes the total tax payable, commonly referred to as 'acquisition and registration tax' (취등록세). Following the 2011 Local Tax Act reform, the former separate acquisition tax and registration tax were consolidated into a single acquisition tax, though the calculation structure remained largely unchanged. The tax base is generally the actual transaction price at the time of acquisition. If the declared value is lower than the officially assessed standard value (시가표준액), the standard value is used as the tax base instead. For gratuitous acquisitions such as gifts and inheritances, the officially assessed value serves as the tax base.

1. Select the acquisition type. Choose 'Purchase' for regular real estate transactions, 'Gift' for property received without payment from family members or others, 'Inheritance' for property acquired through death, or 'Original' for newly constructed buildings. 2. For purchases, additionally select the property type (Housing/Land & Building/Farmland). When purchasing housing, also select how many homes you own (1/2/3+/Corporation). 3. Check the applicable options. If the property is located in a government-designated regulated area (조정대상지역), check 'Regulated Area.' If the exclusive area exceeds 85㎡, check that option. For farmland that has been self-cultivated for 2 or more years, check 'Self-farmed for 2+ years' to apply the reduced rate. 4. Enter the acquisition price (transaction amount), and the calculator will automatically compute the acquisition tax, local education tax, rural special tax, total payable amount, and effective tax rate. Note: Special reductions such as first-time home buyer benefits, depopulation area discounts, and newlywed exemptions are not reflected as they vary by individual circumstances. Please verify eligibility with your local tax office.

■ Housing Purchase (Single homeowner, Local Tax Act Art. 11(1)(viii)) - Up to 600M KRW: 1% acquisition tax rate - 600M–900M KRW: Sliding rate = (Price × 2 ÷ 300M − 3) × 1/100 (ranges from 1.01% to 2.99%) - Over 900M KRW: 3% acquisition tax rate ■ Multi-Home Surcharge Rates (Local Tax Act Art. 13-2, effective Aug 12, 2020) - Regulated area, 2nd home: 8% / Non-regulated, 2nd home: 1–3% (standard) - Regulated area, 3+ homes: 12% / Non-regulated, 3+ homes: 8% - Corporations: 12% nationwide regardless of number of homes ■ Non-Housing Property: Land/building purchase 4%, Farmland purchase 3%, Self-farmed farmland (2+ years) 1.5% ■ Inheritance: Non-farmland 2.8%, Farmland 2.3% ■ Gift: Standard 3.5%, Regulated area housing (assessed value 300M+ KRW) 12% ■ Original Acquisition (New Construction): 2.8% ■ Local Education Tax (Local Tax Act Art. 151) - Housing: Tax base × (acquisition tax rate × 50%) × 20% = effectively 10% of acquisition tax - Non-housing: Tax base × (acquisition tax rate − 2%) × 20% ■ Rural Special Tax (Rural Special Tax Act Art. 5) - Housing ≤85㎡ (standard rate): Exempt - Housing >85㎡ (standard rate): 0.2% - Housing with surcharge: (acquisition tax rate − 2%) × 10% - Non-housing/inheritance/gift/original acquisition: 0.2% - Self-farmed farmland: Exempt

1. First-time home buyer reduction: If you are purchasing a home for the very first time in your life, you may receive an acquisition tax reduction of up to 2 million KRW (Local Tax Special Act Art. 36-3). Check the combined household income limit and property value requirements before applying. 2. Newlywed reduction: A 50% acquisition tax reduction may apply to homes acquired within 5 years before or after marriage registration. Income and property value requirements must be met, so verify your eligibility carefully. 3. Depopulation area reduction: A 50% acquisition tax reduction is available for homes acquired in government-designated depopulation areas. Check the Ministry of the Interior and Safety's official notice for eligible regions. 4. 2025 Amendment — Regional low-value housing surcharge relaxation: Starting January 2, 2025, housing in non-metropolitan areas with an officially assessed price of 200 million KRW or less is exempt from multi-home surcharge rates, even for multi-home owners and corporations (increased from the previous 100M KRW threshold). 5. Temporary 2-home exemption: If you temporarily hold two homes due to unavoidable reasons such as relocation, marriage, or inheritance, standard rates (not surcharge rates) apply as long as you dispose of the previous home within the designated period. 6. Filing deadline compliance: Failure to report within 60 days of acquisition (6 months for inheritance) results in a non-filing penalty of 20% (10% if filed within 1 month after deadline) plus a late payment penalty of 0.022% per day. 7. Gift tax caution: Receiving a home with an assessed value of 300 million KRW or more in a regulated area triggers the 12% surcharge rate. Always verify whether the regulated area designation has been lifted before proceeding. 8. Corporate acquisition: Corporations face a 12% surcharge rate nationwide regardless of the number of homes owned or location. Tax-saving strategies through corporate structures can actually be disadvantageous from an acquisition tax perspective.