The District Court of Overijssel held that a floating solar park was not considered immovable property subject to value added tax (VAT).
The court found that because the park was constructed to float, it must be regarded as a ship, which generally is regarded as movable property. The court disregarded the tax authority’s argument that it must also consider whether the park was used as a means of traffic or transportation or to what extent the park was intended to remain on site for a longer period of time.
Source: KPMG
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