- The text is a letter from the Director of the National Tax Information to a recipient.
- The letter confirms that the recipient’s position regarding the tax consequences of withdrawing a property from business activity and using it for private rental is correct.
- The recipient is a sole proprietor engaged in wholesale trade.
- The property in question is currently used for the recipient’s business and is jointly owned by the recipient and their spouse.
- The recipient plans to convert their business into a limited liability company and transfer the property to the new company.
- After the transfer, the recipient intends to use the property for rental purposes without professional rental services.
- The recipient believes that the withdrawal of the property and its use for private rental will be tax-neutral under VAT regulations.
- The recipient’s position is based on the understanding that VAT is only applicable to taxable supplies and services that are provided for a fee.
- The recipient seeks confirmation that their interpretation is correct and that the withdrawal of the property will not have VAT implications.
Source: sip.lex.pl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
