VAT deduction – bankruptcy estate – partnership’s VAT deduction in the event of bankruptcy

The Tax Council can confirm that the sale of the herd in connection with a partnership’s bankruptcy constitutes a VAT-liable transaction and that the sales VAT must be settled by the partnership’s bankruptcy estate, as the herd has been part of the partnership’s farm, even though the herd is an asset in the stakeholders’ personal bankruptcies.

Source: juratilalle.dk

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