Taxation of Real Estate Activities: Finnish Tax Board Clarifies VAT and Deduction Rights

• Finnish Tax Administration clarified taxation of company’s real estate activities
• Company owned shares in real estate joint stock companies and leased properties to VAT and VAT-exempt businesses
• Company applied to become a taxpayer to transfer right to use properties
• Central Tax Board found activities subject to VAT and entitled to deduction for tax on transfer of right to use properties
• Company had right to deduct operational expenses related to deductible activities

Source: news.bloombergtax.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.

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