- The inquiry involved management services provided to an alternative investment fund.
- The fund aimed for collective investment through real estate activities in Denmark.
- The fund’s assets were in a wholly-owned subsidiary that invested in a property with residential, commercial, and parking units.
- The property was divided into condominiums.
- The tax council determined the fund’s investments did not meet the risk diversification requirement.
- Consequently, the tax council could not confirm the services were exempt from VAT under the relevant law.
Source: info.skat.dk
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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