- Danish Customs and Tax Administration clarifies VAT exemptions on rental property transfers
- Taxpayer’s argument that certain property could be sold VAT-free to a buyer who continues renting the property is rejected
- National Tax Court upholds Tax Agency’s decision
- Taxpayer is considered a taxable person engaged in the purchase and sale of real estate
- Taxpayer did not show intention to solely rent the property for residential use
- Transfer of the property is subject to VAT due to taxpayer’s actions and the buildings being considered new
Source: news.bloombergtax.com
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.
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