Title
In calculating the transfer value of the exchanged real estate, the actual transaction value.
Summary
In the event that there is no objective exchange value of the transferred real estate by the appraisal corporation, etc. in calculating the transfer value by the exchange, it is reasonable to evaluate the transfer value by the standard market price rather than the value in the exchange contract
Related statutes
Article 94 of the Income Tax Act: Scope of Transfer Income
Text
The appeal is dismissed.
The costs of appeal are assessed against the Plaintiff.
Reasons
All of the records of this case and the judgment of the court below and the grounds of appeal were examined, but it is clear that the appellant's grounds of appeal fall under Article 4 of the Act on Special Cases Concerning the Procedure of Appeal and therefore, the appeal is dismissed under Article 5 of the Act. It is so decided as per Disposition by