- The case involved whether the Tax Authority correctly increased a company’s VAT liability by 935,000 kr for the first half of 2019
- The increase was due to the sale of two properties considered subject to VAT under specific sections of the VAT law
- The company operates in the economic sector, dealing with the purchase and sale of real estate, leasing, and other related activities
- The properties in question were acquired on November 15, 2016, and were unimproved lands at the time of their sale on June 1, 2019
- The National Tax Tribunal found that the company was a taxable person acting in this capacity during the sale of the properties
- The properties were not used as part of VAT-exempt leasing of residential property, and occasional free use by the tenant did not qualify them for a VAT exemption
- The Tribunal upheld the Tax Authority’s decision, confirming the properties’ sale was subject to VAT and not covered by the exemption in the VAT law
- The company had been VAT registered since May 30, 2005, and primarily engaged in real estate activities including leasing and sales
Source: info.skat.dk
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.
