- The inquiry involved management services provided to an alternative investment fund focused on collective investment in real estate in Denmark.
- The fund’s assets were held in a wholly-owned subsidiary that invested in a single property consisting of two addresses but legally considered one property.
- The property included four buildings with various residential and commercial leases and a parking area.
- The Tax Council determined the fund’s investments did not meet the risk diversification requirement.
- Consequently, the management services were not eligible for VAT exemption under the relevant tax 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.
Latest Posts in "Denmark"
- Danish Court Denies VAT Deductions for Concert Company Due to Insufficient Subcontractor Documentation
- Tax and VAT Treatment for Charging Stations: Electricity Tax Refunds, Billing Basis, and VAT Deductions
- Court Rules Against Plaintiff in VAT Deduction Case Due to Insufficient Evidence
- Denmark to Implement VAT on Leisure and Teaching Courses with New Tax Deduction
- Denmark to Abolish 25% VAT on Books to Combat Reading Crisis and Boost Literacy
