Enforcement Rules of the Act on Property-Declaration by Public Servants Article 15

With respect to the time and reason of acquisition or occurrence as prescribed in the first half of Paragraph 3 of Article 5 of the Act, the time and reason of acquisition or occurrence shall be the registered date and reason with the registration agencies (institutions). In the event that no such registration is made, the time and reason of acquisition or occurrence shall be based on the actual time and reason when the acquisition or occurrence takes place.With respect to the declaration of the price of acquisition as prescribed in the second half of Paragraph 3 of Article 5 of the Act, any public servant subject to the Act shall declare the actual transaction price or the original manufacturing price if the property is acquired within five years prior to the day of declaration. In the event that there is no actual transaction price or the original manufacturing price, the price of acquisition shall be based on the current assessed land value of the year of acquisition, the building’s taxable value or the market price.