If a grandfather pays grandchild's overseas study expenses, should he pay gift tax? By Kim Sang-jun In general, the following rules are well known: a gift tax shall be imposed on any property that a person has received as a gift from another person; and the maximum value of property that a person can receive… Continue reading [THE KOREA TIMES_김상준 회계사] If a grandfather pays grandchild’s overseas study expenses, should he pay…