- The Austrian Federal Finance Court ruled that the taxpayer was not entitled to an input VAT deduction for an apartment purchased and leased for office use, as there was no clear intent to rent it at the time of purchase, and the rental agreement changes were not customary. The Tax Office’s denial of the deduction and assessment of VAT liability for previous years was upheld.
Source: news.bloombergtax.com
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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