Tax Appeal Board: Are Developed Plots Considered Capital Goods Under VAT Law?

• The case involves a complaint about a binding advance ruling.
• The issue is whether developed or ready-to-build plots, with or without infrastructure, can be considered a capital asset.
• This determination affects the right to a retroactive tax settlement under specific tax laws.
• The complaint is not upheld.

Source: skatteetaten.no

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.