- The case concerned whether a holding company could transfer shares in a newly established subsidiary to a newly established commercial foundation without the applicant being taxed on dividends.
- The Danish Tax Council (Skatterådet) determined that the transfer was in the applicant’s ideal interest, not personal or financial interest.
- Permission was granted for the tax-free transfer under the relevant tax law.
- The foundation’s charitable purpose was to support economically disadvantaged single parents in Denmark, with a special focus on children’s conditions.
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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