Finland Tax Agency Posts Preliminary Decision Clarifying Taxation of Company’s Real Estate Activities

The Finnish Tax Administration June 12 posted online Central Tax Board Preliminary Decision No. KVL:2024/15, clarifying the taxation of a company’s real estate activities. The taxpayer, a company that owned shares in several mutual real estate joint stock companies and leased properties to VAT and VAT-exempt businesses, applied to become a taxpayer to transfer the right to use the properties. The taxpayer sought clarification regarding the extent to which its activities were subject to VAT, and the extent to which it had the right to deduct operational expenses. The Central Tax Board found that: 1) the taxpayer’s activities were subject ...