The taxpayer sold an unused business unit in a shopping center that was being used for commercial purposes. The taxpayer claimed a full input tax deduction, and also made a VAT adjustment for the acquisition and production costs incurred. The tax agency stated that because the business premises were vacant, only a proportionate input tax deduction should apply.
Source: news.bloombergtax.com
Latest Posts in "Austria"
- Austrian Court Rules on VAT and Corporate Tax for Housing as Hidden Profit Distribution
- Austrian Court Clarifies Input VAT Deduction Rules for Apartment Rentals in Business Use Case
- Austrian Court Denies Tax Deductions for Unrented Property Due to Insufficient Rental Intent
- Streamlined EU Administrative Processes: Your Digital Gateway for Cross-Border Services
- ECJ State Aid C-360/25 (X) – Questions – Legal Validity of the Bank-to-Bank VAT Exemption