No Deduction for VAT on Uncompleted Purchase of Real Estate

• The case involves whether the appellant is entitled to a deduction for VAT on the purchase of a property.
• The property transaction was not completed, so the appellant did not acquire ownership rights over the property.
• As a result, the appellant is not entitled to deduct the invoiced VAT on the purchase price.
• The Court of Appeals upheld the lower court’s ruling that denied the appellant’s claim for VAT deduction.
• The reference is to Section 37, paragraph 1 of the VAT Act.
• The editorial note mentions the previous instance and the lower court’s case number.

Source: info.skat.dk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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