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VAT Exemption for Private Asset Management: Sale of Land Share Not Taxable

  • Individual acquired a 1/3 share in a plot of land for private residential purposes in 2022
  • Property was not used for business or agricultural activities
  • Individual plans to sell share to a company for development
  • Sale of share is not considered an economic activity subject to VAT
  • Transaction falls within the scope of private asset management, not organized commercial activities


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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