- The court examined if horse racing for prize money is an economic activity.
- The court considered continuous income from entry fees and long-term operation.
- The court ruled the activity as economic, allowing VAT deductions.
- Similar rulings were made by other courts on the same day.
- The rulings indicate horse racing for prize money is an economic activity even if smaller in scale.
- Previous guidelines on economic vs. private activities are now outdated.
- The case involved a company denied VAT deductions by the tax authority.
- The lower court supported the company based on legitimate expectations and legal certainty.
- The tax authority appealed, but the court upheld the lower court’s decision.
- The Supreme Administrative Court later overturned the decision regarding VAT deductions.
- The company owned a 75 percent share in a racehorse during the case period.
Source: www4.skatteverket.se
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.
