- The Supreme Administrative Court in Sweden ruled that voluntary tax liability for VAT purposes can be applied in the context of jointly managed rental properties.
- A joint-stock company leased a property to a financial association, which sublet the property to two additional tenants, and all parties agreed to manage the property together.
- Landlords in Sweden can choose to impose VAT on rent in commercial situations, allowing them to deduct input VAT on certain property-related costs.
- The Swedish tax authority initially denied the property owner the right to deduct input VAT invoiced during the property’s construction, but the court ruled that joint tenancy does not prevent the application of voluntary tax liability.
Source: kpmg.com
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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