VATupdate

Share this post on

Management of Investment Funds: Risk Diversification in Real Estate Investments and VAT Exemption

  • The inquiry involved management services provided to an alternative investment fund.
  • The fund aimed for collective investment through real estate activities in Denmark.
  • The fund’s assets were in a wholly-owned subsidiary that invested in a property with residential, commercial, and parking units.
  • The property was divided into condominiums.
  • The tax council determined the fund’s investments did not meet the risk diversification requirement.
  • Consequently, the tax council could not confirm the services were exempt from VAT under the relevant law.

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.

Sponsors:

VATIT Compliance
Pincvision
VAT news

Advertisements:

  • VATAi