Man refuses tax on brother's inheritance, claims it was a loan paid back by sick sibling
Social affairsApr 1, 2024
A South Korean man and his wife lost an administrative case related to their refusal to pay inheritance tax on money given to them by the man's now-deceased brother, with the court overruling their claim that the money was in exchange for the financial help they provided him. According to officials, the Seoul Administrative court ruled against the plaintiffs, saying the state's tax authorities are justified in taxing 65 million won ($47,500) for the 260 million won the deceased transfe