TITLE	Supreme Court Decision 2016Du1165 Decided September 10, 2019 ¡¼Revocation of Disposition Imposing Gift Tax¡½ [full Text]
Summary
[1] Whether registered convertible bonds constitute ¡°assets requiring a registration, etc. for a transfer or exercise of the rights¡± as prescribed in the main text of Article 45-2(1) of the former Inheritance Tax and Gift Tax Act (affirmative) [2] Whether a gift tax can be levied on shares allocated by the exercise of convertible rights to a title holder of the registered convertible bonds, which are initially deemed to have been donated and thus has been subject to taxation or remain taxable by applying the main text of Article 45-2(1) of the former Inheritance Tax and Gift Tax Act (negative in principle)

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