The Constitutional Court of Korea ruled that a provision in the Korean Civil Code prohibiting the revocation of a gift of property already transferred, even if a child abandons their duty to support their parents, does not violate the Korean Constitution. The Court also ruled that the provision prohibiting the revocation of a gift after it has been executed on the grounds that the contract was not in writing or that the donor’s financial condition has deteriorated is constitutional. The case stems from a constitutional complaint filed
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Korean Gift Tax Ruling at the Seoul Administrative Court
The Seoul Administrative Court ruled that the Korean National Tax Office violated the Korean Tax Law by basing the appraised value for gift tax purposes on the value of an asset three months after the transaction. Seoul Administrative Court Gift Tax Timing Ruling The Seoul Administrative Court ruled in July 2025 that the Korean National Tax Office’s decision to impose a gift tax on an appraised value calculated several months after a land transaction was a violation of the Korean Tax Law. The Court opined that the
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