- The case involves the delivery of a residential care complex as a transfer of a business for VAT purposes
- Developer BV X acquired a plot of land in February 2017 and entered into a VAT-free lease agreement with foundation Y in July 2017 for a future residential care complex
- BV X then signed a construction agreement with a construction company
- After the complex was valued at €4,650,000 in March 2018, BV X received an offer of €5,650,000 and signed a purchase agreement with BV E in late 2018 with the condition that the complex must be fully leased on the date of transfer.
Source: futd.nl
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.
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