- European Court of Justice rules renovations and expansions can be classified as “real estate investment goods”
- Allows for longer period to adjust VAT deductions beyond standard five years
- Ruling based on case C-243/23 (Drebers)
- Directive 2006/112/CE allows for VAT deduction corrections if amount exceeds or falls short
- Adjustments made when changes occur after VAT declaration submitted
Source: eutekne.info
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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