Seoul High Court 2009Nu39799 (Law No. 16, 2010)

Where real estate rental business is closed and transferred, it shall be taxable by the supply of goods.

In so far as it falls under the supply of goods or services under the Value-Added Tax Act, it shall be subject to taxation regardless of whether the purpose of the supply is to maintain and expand the business or to liquidate, adjust or discontinue the business.

The contents of the decision shall be the same as attached.

The appeal is dismissed.

The costs of appeal are assessed against the Plaintiff.

As the appellant did not state the grounds of appeal in the petition of appeal filed by the appellant and did not submit the grounds of appeal within the statutory period, Article 8(2) of the Administrative Litigation Act, Article 429 of the Civil Procedure Act, and Article 5 of the Act on Special Cases Concerning the Procedure of Final Appeal is decided as per Disposition by