Seoul High Court 2013Nu30362 (Seoul High Court 2014.05.30)

The calculation of gains on transfer is lawful based on the conversion value, since it is merely a simple exchange and it is impossible to verify the actual acquisition value.

(W) In light of the details and contents of the conclusion of an exchange contract, the actual acquisition value is not confirmed because it is merely a simple exchange, and there is no transaction example or adequate appraisal value, so long as there is no transaction example or adequate appraisal value, the acquisition value shall not be based on the conversion value calculated on

Article 114 of the Income Tax Act

2014Du9110 Revocation of Disposition of Imposing capital gains tax

IsaA

Head of Suwon Tax Office

Seoul High Court Decision 2013Nu30362 Decided May 30, 2014

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 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