How to Gift Stocks in a Toss Securities Account to Your Spouse (English Version)

How to Gift Stocks in a Toss Securities Account to Your Spouse (English Version)

The process for gifting stocks from a Toss Securities account to your spouse differs slightly from a standard stock transfer (outbound transfer) at a typical brokerage firm.

Generally, the ‘Send Stock’ feature provided in the Toss Securities app is only available for transferring stocks to an account under the same name. Therefore, transferring stocks to a spouse’s account (a third party’s name) requires a separate, manual procedure through the brokerage firm’s customer service center.

Below is the procedure and essential precautions for gifting stocks to your spouse through Toss Securities.

1. Procedure for Stock Outbound Transfer for Spousal Gifting (Toss Securities)

As Toss Securities mainly focuses on non-face-to-face services, the outbound transfer of stocks to a third party for gifting purposes is processed through customer center consultation and document submission.

Step 1: Prepare the Spouse’s Securities Account

The spouse receiving the gifted stocks should prepare a brokerage account (it can be an account with Toss Securities or another firm) under their name in advance.

Step 2: Prepare the Gift Contract and Documents

To prepare for tax filing, the following documents must be prepared for the stock gift:

• Stock Gift Agreement (증여 계약서)
• Copies of IDs for the Donor and Donee (Spouse)
• Family Relations Certificate (Detailed version, issued based on the Donor)
• Documents for Stock Valuation on the Gift Date (Data for calculating the average closing price for the two months before and after the gift date)
• Gift Tax Filing Related Documents (Required for tax filing)

Step 3: Contact Toss Securities Customer Center and Apply for Outbound Transfer

Call the Toss Securities Customer Center and request a “Stock Gift Outbound Transfer to Spouse’s Name (타인 명의 주식 증여 출고)”. Submit the prepared documents via fax or email as instructed.

• Toss Securities Customer Center Phone: 1599-7987
• Request: “Application for Stock Gift Outbound Transfer to a Third Party (Spouse)”
• Note: A per-stock-item fee may be incurred by the brokerage firm for the gift outbound transfer. (Toss Securities’ operational fees, such as KRW 2,000 per stock item, may vary according to the firm’s policy, so be sure to inquire before proceeding.)

Step 4: Confirm Stock Receipt in Spouse’s Account

Once the gift outbound transfer is processed, confirm that the stocks have been credited to the spouse’s brokerage account.

2. Tax Filing Procedure (Most Important)

The gifting of stocks is not complete merely with the transfer between brokerage accounts; you must file a Gift Tax Report with the tax office.

Key Precaution: Deferred Taxation (이월과세) if Sold Within 1 Year

To benefit from Capital Gains Tax reduction, the spouse who received the gift must hold the stocks for at least one year before selling them.

• If sold within 1 year (Deferred Taxation): When calculating Capital Gains Tax, the spouse’s acquisition cost reverts to the original donor’s initial acquisition cost, leading to a higher tax burden.
• If sold after 1 year: The spouse’s acquisition cost is recognized as the market value at the time of the gift, significantly reducing the Capital Gains Tax.

We have now covered the method for gifting stocks from Toss Securities to a spouse. We hope this information is helpful.

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