- Danish Customs and Tax Administration opened consultation on Draft Control Signal No. 24-0715071
- Draft explains changes in VAT deduction rules for properties used in real estate transactions
- No correction of VAT deduction upon change in use of real estate
- Withdrawal taxation applied if property changes from selling to VAT-free letting
- Adjustment period for VAT-free letting begins when property is put into use
- Deductible tax for immovable property must be adjusted if there are changes in use
- Taxable income assessment must be adjusted if VAT payments are deducted in tax assessment
- Comments due by Aug. 9.
Source: news.bloombergtax.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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