- The case concerned a denied request for VAT and payroll tax refund for 2017 related to the sale of capital shares.
- The main issue was whether the sale of capital shares was part of the company’s economic activity and if it should be considered an ancillary transaction under the VAT Act.
- The company regularly bought and sold real estate and capital shares as part of its investment strategy.
- The Tax Appeals Board found that the sale of capital shares was an integrated part of the company’s business, not an ancillary transaction.
- As a result, the revenue from these sales must be included in the calculation of the deduction percentage, and the tax authority’s decision was upheld.
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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