Seoul High Court 2014Nu64676 (2015.06.03)

The rent paid by the third party should be calculated in accordance with the calculation of the land and the building after the conversion into the whole, since only the plaintiffs, who are the owners of the building, were the lease contract.

(C) The rent paid by a third party shall be deemed to be the entire land and the entire building, and shall be calculated according to the standard market price (land and building) after all conversion.

Article 50 of the Enforcement Decree of the Inheritance Tax and Gift Tax Act

2015Du4502 Disposition of revocation of Disposition of Gift Tax Imposition

1. Kim A2. KimB

O Head of tax office

Seoul High Court Decision 2014Nu64676 Decided June 3, 2015

All appeals are dismissed.

The costs of appeal are assessed against the plaintiffs.

While examining the grounds of appeal in comparison with the records of this case and the judgment of the court below, the ground of appeal on the grounds of appeal is not deemed to have been rejected or not.

Therefore, all appeals are dismissed. It is so decided as per Disposition by the assent of all participating Justices.