- The Administrative Court of Appeal in Gothenburg allowed full VAT recovery on transaction costs related to the sale of shares in Sweden
- The court considered whether the company could recover input VAT on consultancy costs and if the deduction should be limited
- The costs were found to be directly linked to the exempt sale of shares, allowing for full deduction
- Previous rulings by the SAC also supported full deduction of similar costs
- The case highlights the importance of the purpose of costs and their connection to a company’s activity
Source: dlapiper.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.
