Case Number of the immediately preceding lawsuit
Seoul High Court-2015-Nu-54850 (Law No. 13, 2016)
Case Number of the previous trial
Seocho 2013west 3125 ( October 17, 2014)
Title
Whether the time of the transfer of the shares in this case is the date of settlement of the price for the issuance of share certificates.
Summary
(In calculating gains on transfer of assets, the time of transfer of the relevant assets shall be "the date of liquidation of the price of the relevant assets" unless there is any exception under the subparagraphs of Article 162 (1) of the former Enforcement Decree of the Income Tax Act. Thus, the plaintiff's claim is groundless.
Related statutes
Article 98 of the Income Tax Act (Time of Transfer or Acquisition)
Enforcement Decree of the Income Tax Act Article 162 (Time of Transfer or Acquisition)
Cases
Supreme Court Decision 2016Du43138 Decided revocation of Disposition imposing capital gains tax
Plaintiff
O KimO
Defendant
○ Head of tax office
Imposition of Judgment
2016.28
Text
The appeal is dismissed.
The costs of appeal are assessed against the Plaintiff.
Reasons
Examining the judgment of the court below and the grounds of appeal, the ground of appeal by appellant is examined.
Since the grounds under each subparagraph of Article 4(1) of the Act on Special Cases Concerning the Settlement of Traffic Accidents are not included in the grounds under each subparagraph of paragraph (3) or are deemed to fall under each subparagraph of paragraph (3), the appeal is dismissed under Article 5 of the same Act.