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Austria MOF Clarifies Input Tax Adjustment for Tax-Free Sale of Unused Business Premises

The taxpayer sold an unused business unit in a shopping center that was being used for commercial purposes. The taxpayer claimed a full input tax deduction, and also made a VAT adjustment for the acquisition and production costs incurred. The tax agency stated that because the business premises were vacant, only a proportionate input tax deduction should apply.

Source: news.bloombergtax.com

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