Seoul High Court 2013Nu8280 (Seoul High Court 2013.08.21)

Imposition of gift tax on profits acquired by acquiring and exercising only preemptive rights among bonds with warrant issued by another corporation

In light of the fact that the person was a representative director of the corporation at the time of exercising the preemptive right, it is difficult to deem that there is a justifiable reason in terms of transaction practice.

Article 42 of the Inheritance Tax and Gift Tax Act

2013Du19769 Revocation of Disposition of Imposition of Gift Tax

doorA Form

Head of the High Tax Office

Seoul High Court Decision 2013Nu8280 Decided August 21, 2013

The appeal is dismissed.

The costs of appeal are assessed against the Plaintiff.

The judgment of the court below and the appellate brief all of the records of this case, but the appellant's ground of appeal is not included in the grounds provided by each subparagraph of Article 4 (1) of the Act on Special Cases Concerning the Procedure of Appeal or it is recognized that there is no reason. Thus, the appeal is dismissed under Article 5 of the same Act. It is so decided as per Disposition by