Busan District Court 2010Guhap2617 ( October 21, 2011)

Cho High Court Decision 2010Nu2128 (2010.07)

Any disposition that is imposed on the market price of the inherited property is legitimate.

The value of inherited property shall be based on the market price as of the commencement date of inheritance, and where there is a transaction fact in the relevant property within 6 months before or after the record date of appraisal, in principle, the transaction value is recognized as the market price, and the disposition taxable

2011Nu1078 Revocation of Disposition of Imposing Inheritance Tax

Kim XX et al.

Head of North Busan District Tax Office

Busan District Court Decision 2010Guhap2617 Decided January 21, 2011

September 23, 2011

October 21, 2011

1. All appeals filed by the plaintiffs are dismissed.

2. The costs of appeal are assessed against the Plaintiffs.

The judgment of the first instance shall be revoked. The defendant shall revoke the disposition of imposition of KRW 203,075,730 of inheritance tax imposed on the plaintiffs on May 4, 2010.

The reason is the same as the part of the reasoning of the judgment of the court of first instance, and this is cited.

Therefore, the plaintiffs' claims shall be dismissed in its entirety due to the lack of the reasons, and the judgment of the court of first instance is just in conclusion, and the plaintiffs' appeals are dismissed in its entirety.