Whether the Value of Similar Property Outside the Valuation Period May Be Recognized as Fair Market Value — Focusing on Supreme Court Decision No. 2025Du30271, rendered on July 3, 2025 —

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This paper explores the implications of recognizing the fair market value of similar property outside the usual valuation period, grounded in legal frameworks.
Analyzed legal interpretations of Supreme Court Decision No. 2025Du30271.
Examined the application of Article 49 of the former inheritance tax law regarding valuation procedures.
Discussed the balance of tax equity in cases of property value assessment under legislative intent.
Confirmed that similar property values can be recognized as market value beyond the evaluation period after committee review.
Found that not recognizing these values creates unfair discrepancies between taxpayers who report inheritance tax on time and those who do not.
Proposed clearer criteria for determining market values in extended assessment periods without significant price fluctuations.

Study addresses fair market value recognition for similar property, suggesting implications for taxation equity.

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JoongKyo Lee (2026) studied this question.

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