Finland Tax Agency Issues Guidance on Cross-Border Taxation of Capital Gains, Losses

The Finnish Tax Administration April 22 issued Guidance No. VH/1106/00.01.00/2024, on the cross-border taxation of capital gains and losses from transfers and disposals of property. Topics covered include: 1) the taxation of capital gains from transfers of immovable and movable property domestically and in countries with a DTA with Finland; 2) exceptions to the capital gains tax on transfers of movable property under various DTAs, with examples; 3) an explanation of the three-year rule included in DTAs; 4) the taxation of capital gains for limited taxpayers; 5) the deductibility of capital losses from cross-border transactions; 6) special situations, such as ...