- The case involved a company’s right to deduct VAT on the purchase of a plot of land and construction of new townhouses
- The majority found that the company had the right to deduct VAT on the purchase price of the land and construction costs
- The deduction should be regulated over 10 years according to the tax law
- The case was referred back to the Tax Authority for further consideration as they had denied the company’s deduction
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.
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