Denmark Tax Agency Seeks Comments on Draft Control Signal on VAT Deduction Rules for Properties

The Danish Customs and Tax Administration June 25 opened a consultation on Draft Control Signal No. 24-0715071 to clarify changes in VAT deduction rules for properties used in real estate transactions. The draft control signal explains that: 1) there must be no correction of the VAT deduction upon a change in the use of real estate under Sections 43 and 44 of the VAT Act; 2) in circumstances where a taxable person builds a property to sell it and then subsequently changes its use to VAT-free letting, withdrawal taxation must be applied going forward; 3) if a property is listed ...