Actor Yoon Tae-young has partially won a gift tax lawsuit over 3 billion won worth of stocks he received from his father.
On the 5th, the 2nd Administrative Division of the Seoul Administrative Court (Presiding Judge Shin Myung-hee) ruled to cancel the additional tax of 5.44 million won out of the additional gift tax of 95.84 million won in a lawsuit recently filed by Yoon Tae-hyeong against the Gangnam Tax Office in Seoul.
In September 2019, Yoon Tae-young received 400,000 shares of Company A, an unlisted corporation, as a gift from his father, former Samsung Electronics Vice Chairman Yoon Jong-yong. He evaluated the value of company A's stock gifted from his father at 3.1668 billion won, and based on this, he reported and paid gift tax.
As a result of the investigation by the tax authorities, the asset value of Company A was found to be greater than the value calculated by Yoon Tae-young. As a result, it was judged that the value of the stocks donated by Yoon Tae-young should also increase by 108.8 million won, and a gift tax of 90.4 million won and an additional tax of 5.44 million won were imposed on the increase. Penalty tax is a tax levied when a taxpayer violates his/her duty to report and pay taxes.
Yoon Tae-young objected and filed a lawsuit. The main issue was how to evaluate the stock value of the four other companies owned by Company A. The court judged that Yoon Tae-young had to pay additional taxes, saying that he had made a mistake in calculating the stock valuation too low. However, I saw that it was not enough to impose an additional tax with a punitive nature.
Yoon Tae-young debuted in the 1996 drama 'Beautiful Girl' and made his name known in the 1999 drama 'The King'. Then, 'With You Every Day', 'Seonhee Jinhee', 'Close to Face', 'Cheerful Girl's Success Story', 'On the Green Grassland', 'Pearl Necklace', 'Taewangsashingi', 'Late Night Hospital', 'Hundreds of King's Daughters' Scent' and 'Neighborhood Hero'.
Yoon Tae-young, who appeared in SBS' 'Same Bed, Different Dreams 2 - You Are My Destiny' last year. He will return as an actor through the drama 'Escape of 7' written by Kim Soon-ok, which is scheduled to be broadcast this year. In addition, he got married in 2007 with Lim Yoo-jin, who he co-starred in the drama 'Above the Blue Grassland', and has 2 boys and 1 daughter.
Reporter Kang Min-kyung, Ten Asia kkk39@tenasia.co.kr