Denmark Tax Agency Seeks Comments on Draft Control Signal on Gains, Losses From Cooperative Certificates

The Danish Tax Agency April 15 opened a consultation on Draft Control Signal No. 25-5706178, to clarify current practices on gains and losses from cooperative housing certificates. The draft includes that: 1) gains and losses from cooperative certificates in cooperative housing associations covered by a specific provision of the Corporation Tax Act, are included in capital income under the Personal Income Tax Act, when conditions for tax exemption under the Share Capital Gains Tax Act aren’t met; 2) gains and losses on specified investment association certificates disposed of after at least three years, however, are share income; 3) gains and ...