Ruling: Right to Deduct the Entire VAT Related to the Acquisition of Land

• The text is a letter from the Director of the National Tax Information regarding the right to deduct VAT related to the purchase of a plot of land.
• The letter confirms that the recipient’s position on the tax implications of the future event is correct.
• The request for an individual interpretation was submitted on October 12, 2023, and was supplemented with additional information on November 22, 2023.
• The future event described in the letter involves a company planning to purchase a plot of land from a seller.
• The seller acquired the property through a sales agreement in 1982 and is not engaged in any business activities.
• The buyer has entered into a preliminary sales agreement and intends to acquire the land after certain conditions are met.
• The conditions include obtaining approval from the company’s shareholders, preparing a map for registration, obtaining final approval for the division of the property, and conducting a legal analysis of the property.
• The buyer will also assess the soil and environmental conditions of the property before finalizing the purchase.

Source: sip.lex.pl

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.