The case concerned whether a company’s activity with racehorses and studs constituted an independent economic activity, cf. section 3 (1) of the VAT Act. 1. On the basis of an overall concrete assessment, the National Tax Tribunal found that during the tax periods in question the company had not carried out independent economic activity with racing stables, cf. section 3 (1) of the VAT Act. In this connection, special consideration was given to the fact that the activity was conducted for the purpose of obtaining income in the form of prizes from horse racing, which do not constitute a supply of a service for consideration in section 4 (1) of the VAT Act. 1,’s sense. The company’s operation of racing stables was thus outside the scope of the VAT Act. The fact that the company had over time sold ownership interests in 14 horses, of which ownership interests in six horses had been resold to a co-owner, did not change this.
Source: juratilalle.dk
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