Denmark Tax Ministry Posts Decision on Taxation of Rental Business Property Transfers

The Danish Ministry of Taxation April 16 posted online National Tax Board Decision AFG No. 9424 for Tax Council Binding Answer No. SKM2026.104.SR, on the income taxation of rental business property transfers. The taxpayers, spouses, transferred to their children all shares in a newly demerged company, which held rental real estate. The transfer agreements were conditioned upon confirmation that the transfer could be made with tax succession. The decision confirms that: 1) tax succession criteria include the transfer amounting to at least 1 percent of the share or share capital, and the company being engaged in business other than passive ...