- EU Court ruling clarified VAT treatment of land with foundations
- Danish company argued that land with foundations should be classified as “buildings” for VAT exemption
- Court ruled that land with only foundations cannot be considered “buildings” under VAT Directive
- Foundations are seen as a preparatory phase and do not make land suitable for use
- Implications for VAT treatment of land in Belgium, where definition of building for VAT purposes is important
Source: VATconsult
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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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