Selling a participation usually involves a lot of costs. The VAT on these costs is not always deductible, not even for parties engaged in VAT-taxed supplies. This is likewise shown in a recent judgment by the Den Bosch Court of Appeal. The Court of Appeal’s judgment is the final chapter – for now – of drawn-out proceedings, in which the judgment of the European Court of Justice, too, had to be awaited. Unfortunately, as the reasoning followed in the judgment is rather unconvincing, it is impossible to distil any clear-cut conclusions.
via VAT on selling expenses participation deductible? | Deloitte.
