Seoul High Court-2018-Nu65936 (Law No. 29, 2019)

(In case where shares are acquired from a person with a special relationship at a price lower than the market price, the imposition of gift tax is legitimate.

(C) If a person with a special relationship acquires shares from the person with a special relationship at a price lower than the market price, it is legitimate to impose gift tax on the person with a special relationship,

Article 35 of the Inheritance Tax and Gift Tax Act

The appeal is 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 it is clear that the appellant's ground of appeal falls under Article 4 of the Act on Special Cases concerning the Trial Procedure, and it is therefore dismissed pursuant to Article 5 of the same Act. It is so decided as per Disposition by the assent of all participating Justices.