Denmark Tax Agency Clarifies Property Valuation of Gifted Real Estate Transfer Following Factual, Legal Changes

The Danish Customs and Tax Administration May 8 posted Tax Council Binding Answer No. SKM2026.227.SR, clarifying the property valuation of a gifted real estate transfer following factual and legal changes. The taxpayer, an owner of agricultural properties, sought to transfer a property to his two sons. The taxpayer sought clarification on whether the property could be valued under the valuation circular’s rules, allowing a valuation within 15 percent of the corrected public property value. Upon review, the Tax Council found that: 1) the demolition of an older farmhouse and an area transfer between properties were factual and legal changes; 2) ...