Cho High Court Decision 2201Da2658 decided May 24, 2013

Whether gift tax may be imposed on the shares held in title trust by deeming them as a new title trust when a long-term transfer of ownership was not performed after the shares held in title trust were inherited.

Where an inheritor comprehensively succeeds to the shares held in title prior to the death of an ancestor upon the death of the truster, the inheritor is merely entitled to succeed to the status of the truster, and no new change of entry is required in the transfer of rights or exercise of rights, and thus, it cannot be deemed that a new title trust exists between the heir and the title trustee of the inheritee

Donation of title trust property under Article 45-2 of the Inheritance Tax and Gift Tax Act

2013Guhap61319 Revocation of Disposition of Imposition of Gift Tax

Park ○ et al.

Head of Gangnam District Tax Office and 7

on 15, 2014

on October 26, 2016

1. The Defendants’ imposition of gift tax against the Plaintiffs as stated in the separate taxation list shall be revoked.

2. The costs of lawsuit are assessed against the Defendants.

The same shall apply to the order of the Gu office.

1. Details of the disposition;

A. On February 21, 2007, the net ○○○○○○ (OOO on October 26, 193) (OOO), the plaintiffs’ references, acquired and managed the shares in the name of nine incumbent executives, employees, and others, such as the list of tax assessment in attached Table, x the △△△△△△△ (hereinafter “instant shares”) of the industrial stock company (securities listed corporation, hereinafter “instant company”).

나. 망 ○○○가 2007. 2. 21. 사망하면서 이 사건 주식은 망○○○의 상속인들(처 망 ☆☆☆, 아들 원고 ◎◎◎, 딸 원고 ◇◇◇)에게 상속되었고(이하 '최초 상속'이라 한다), 이후 망☆☆☆이 이 사건 주식을 관리하였으며, 2011. 11. 4. 망☆☆☆이 사망하면서 이 사건 주식 중 망☆☆☆이 상속받았던 부분은 그 자녀들인 원고들에게 다시 상속되었다(이하 '재상속'이라 한다).다. 망 ○○○의 사망으로 2007. 2. 21. 최초 상속이 개시되기 이전에 막 ○○○가 이 사건 주식을 9명의 명의수탁자에게 명의신탁 한 것과 관련하여, 피고들은 구 상속세 및 증여세법(2010. 1. 1. 법률 제9916호로 개정되기 전의 것, 이하 '상속세및증여세법'이라 한다) 제45조의2에 의하여 이 사건 주식의 주주명부상 명의개서일에 실질소유자인 망 ○○○가 명의수탁자들에게 해당 주식을 증여한 것으로 보아 명의수탁자들에게 증여세를 부과・고지하였다. 이와 동시에 피고들은 망 ○○○ 또는 원고들을 위 9명의 명의 수탁자들에 대한 연대납세의무자로 지정하면서 총 ◆◆◆원의 증여세를 부과・ 고지하였다.

D. On February 27, 2013, the Plaintiff Company paid all the gift tax imposed and notified as above, and on the other hand, the instant shares were excluded from the inherited property due to title trust, and the Plaintiffs paid the inheritance tax omitted by including the value of the instant shares in the inherited property value.

마. 이후 피고들은 최초 상속시인 2007. 2. 21.을 상속인들인 원고들의 이 사건 주식취득일로 보고, 그 취득일의 다음해 말일(2008. 12. 31.)까지 상속인들의 명의로 명의개서를 하지 않았다는 이유로 위 9인의 명의수탁자들에게 2009. 1. 1. 또다시 증여세부과처분을 하였으며, 피고들은 그 증여세에 대해서도 2013. 2. 13. 망 ☆☆☆ 또는 그 상속인들인 원고들을 연대납세의무자로 지정하면서 합계 ◆◆◆원의 증여세를 납부통지(이하 '이 사건 처분'이라 한다)하였다. 바. 원고들은 이 사건 처분에 불복하여 2013. 5. 3. 조세심판원에 심판청구를 제기하였으나, 2013. 7. 24. 조세심판원이 기각결정을 하자, 여기에 불복하여 2013. 10. 22. 이 사건 소를 제기하였다.

[Ground for Recognition: Facts without dispute, entries in Gap evidence 1 and 2, purport of the whole pleadings]

2. The assertion and judgment

A. The plaintiff's assertion

The gift tax has already been levied on the title trustee of the said nine-person based on the donation that the title trust was made from the network ○○○○○○, and on the ground that the heir failed to implement a change of entry, it is unlawful to impose gift tax again on the ground that it does not comply with the requirements of Article 45-2 of the Inheritance Tax

(b) Related statutes;

Attached Form is as shown in the attached Form.

C. Determination

The Defendants, as well as the fact that the net ○○○○○○ issued the instant shares to the title trustee of the said nine persons by first inheritance, deemed that the instant shares were transferred to nine trustees by deeming that the ownership of the instant shares was transferred to the said title trustee. However, the instant disposition is deemed unlawful for the following reasons. However, Article 45-2(1) of the Inheritance Tax and Gift Tax Act provides that “If the actual owner and the title holder are different from the property that requires the transfer of rights or the exercise of such rights, the value of the instant shares shall be deemed to have been donated by the title holder on the day (where such property is subject to the transfer of title, it refers to the day following the end of the year following the date on which the acquisition date of ownership falls) on which the title holder acquired the ownership of the said property under the title trustee’s title trust agreement is deemed to have been created by the first inheritance of the title truster’s title trustee’s exercise of rights on the grounds that the title trustee’s ownership was the first sale of shares under the title trust agreement, and thus, the instant provision and thus, cannot be seen to the purport of inheritance.

3. Conclusion

If so, the plaintiff's claim is reasonable, and it is decided as per Disposition.