Seoul High Court 2008Nu26055 (Law No. 16, 2009)

Whether foreign currency debt evaluation profits are included in the total amount of income of real estate rental business

The provision that profits from the evaluation of foreign currency assets (or redemption profits) and valuation losses (or redemption losses) shall be included in the gross income or necessary expenses of the year concerned can be deemed to be applicable to the calculation of the business income or real estate rental income under the Income Tax Act.

The contents of the decision shall be the same as attached.

The appeal shall be dismissed.

The costs of appeal are assessed against the plaintiff.

All of the records of this case and the judgment of the court below and the grounds of appeal were examined, but the grounds of appeal on the grounds of appeal are not included in the grounds provided by each subparagraph of Article 4(1) of the Act on Special Cases Concerning the Procedure for Appeal, and the appeal is dismissed pursuant to Article 5 of the same Act. It is so decided as per