국세물납주식의 가치평가방법에 대한 문제점과 개선방안 －비상장주식 가치평가방법을 중심으로－

The unlisted shares of securities are permitted to pay in kind are excluded in the scope of possible payment in property, in principle, a couple of exceptions, and some privately held listed equity securities.
That is the case even in the case of unlisted shares if there is no other besides inheritance unlisted shares subject to inheritance tax or inheritance tax items not covered in the inheritance tax and allowing tax in kind of unlisted shares. So, while in the step of receiving the tax authorities to pay tax in unlisted shares by applying the symptoms law supplementary assessment methods to assess the value of its unlisted stocks, the steps that government run the auction disposal of unlisted shares received tax in kind valuation methods on state－owned property laws and evaluated according to its value.
This study proposes the following problems and improvements for the valuation method of payment of tax in non－listed stock.
First, the current reduction rate of capital can not be seen as a viable entity reduction rate due to uncertainties such as the characteristics of the privately held corporations, small businesses and sales point of view. Therefore, the minimum SME loan interest rates, we can consider ways to mutual savings bank business loan interest rate or the interest rate applicable to the average of interest rates.
Second, the state－owned capital in the current regulations and rules enforced reduction rate in property law to propose ways to apply the minimum distribution yield 3－year unsecured debentures (BBB＋).
Third, the state－owned property law enforcement regulations Article 27 Clause 4 distinguish the acquisition caused by the measures we propose to define a capital reduction rate of unlisted shares separately. That is to propose a plan to the state capital reduction rate for unlisted shares acquired cited as the cause for the symptoms of the Enforcement Decree of the Act Article 54 Clause 1.