Case Number of the immediately preceding lawsuit
Seoul High Court 2008Nu14581 (Law No. 11, 2009)
Case Number of the previous trial
National High Court Decision 2006No1881 (Law No. 9.05)
Title
In case where a securities account is opened in the name of a trustee to obtain additional loans, and stocks are held in trust, deemed donation of title trust.
Summary
In the case of stock title trust, if it is deemed that there was an incidental intention of tax avoidance as well as other purpose, it cannot be said that there was no purpose of tax avoidance. However, the Plaintiff cannot be said that there was no purpose of tax avoidance in view of the fact that the securities account was opened in the name of the trustee and omitted in the dividend income generated by acquiring stocks
The decision
The contents of the decision shall be the same as attached.
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 allegation in the grounds of appeal falls 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 same Act. It is so decided as per