- Swedish Tax Court issued Advance Notice No. 76-24/I on January 28.
- The notice clarifies VAT treatment of business asset transfers.
- A taxpayer transferred brokerage activities to a subsidiary.
- The taxpayer sought clarification on whether the transfer was a supply of goods or services.
- The Tax Court disagreed with the Tax Agency.
- The Tax Court found that the transfer met the criteria for a business asset transfer.
- The Tax Court also found that Section 38 wouldn’t apply because the subsidiary only carried out exempt activities.
- The Tax Court concluded that Section 38 wouldn’t apply to exempt the transfer.
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.
