- Danish Tax Agency clarified VAT liability on commercial sales of undeveloped land.
- A company rented out a farmhouse and subdivided four plots to sell.
- The company sold the plots undeveloped.
- The Tax Agency increased the company’s output VAT, finding the sales subject to VAT as sales of building plots.
- The Tax Appeals Board recommended upholding the increase.
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.
