The Tax Council confirms that Property X can be sold without VAT. The property consists of an area of approx. 13,000 m2, on which are two buildings – a clubhouse of approx. 100 m2 (brick building) and an outbuilding of approx. 40 m2 (wood paneling).
The Tax Council confirms that Property Y can be sold without VAT. The property consists of an area of approx. 700 m2, on which there is a detached house of approx. 130 m2.
The buildings on the two areas must be demolished with a view to constructing approx. 110 homes on the area in the form of multi-storey homes and terraced houses.
Source: skat.dk
Latest Posts in "Denmark"
- Sale of Parking Condominium Deemed VAT Liable as First Transfer of New Real Property
- VAT Deduction Denied for Luxury Car Purchases Intended for Resale—Not Considered Economic Activity
- Denmark Debates Cutting VAT on Food Amid Government Disagreement Over Model and Scope
- Government Divided Over Priorities in Negotiations to Reduce VAT on Food Items
- New General Court VAT case – C-903/25 (Grotta Nuova) – No details known yet
