If a resident receives a gift from a person falling under any of the following subparagraphs, the following amount shall be deducted from the taxable value of gift tax. In such cases, if the sum of the amount to be deducted from the taxable value of gift tax and the amount deducted within 10 years preceding the gift (excluding the amount deducted pursuant to Article 53-2) exceeds the amount under any of the following subparagraphs, the excess shall not be deducted. <Amended on Dec. 31, 2011; Jan. 1, 2014; Dec. 15, 2015; Dec. 31, 2023> | 1. | Where a donation is received from a spouse: 600 million won; |
| 2. | Where a donation is received from a lineal ascendant (including a spouse in a marital relationship (excluding any de facto marriage; hereafter in this Article the same applies) with any lineal ascendant of the donee; hereafter the same shall apply in Article 53-2): 50 million won: Provided, That where a minor receives a donation from his or her lineal ascendant, 20 million won shall be deducted; |
| 3. | Where a donation is received from a lineal descendant (including any lineal descendant of the spouse in a marital relationship with the donee): 50 million won; |
| 4. | Where a donation is received from a relative by blood within the sixth degree or a relative by marriage within the fourth degree, other than those prescribed by subparagraphs 2 and 3: 10 million won. |
[This Article Wholly Amended on Jan. 1, 2010]