On November 11, 2022, the Supreme Court ruled in a case that concerned the question of whether there was ‘essentially new construction’ for VAT purposes. The interested party in this case acquired an old woolen fabric factory that was converted into a shopping center in 2016 and invoked the so-called concurrence exemption for transfer tax. In order to do this, there must be a legally VAT-taxed delivery by the selling project developer to stakeholder.
Source Meijburg
