Finland Tax Agency Posts Preliminary Decision Clarifying VAT Liability on Specific Property Transfers

The Finnish Tax Administration July 4 posted online Central Tax Board Preliminary Decision No. KVL:2024/26, clarifying the VAT liability on specific property transfers. The taxpayer, a so-called mutual real estate joint-stock company, owned a building where residential apartments and business premises were located. The taxpayer also owned and managed 41 parking spaces in the parking garage. The taxpayer’s shareholder (B Oy) managed and rented out residential apartments and business premises but was not transferred the parking rights from the taxpayer. With respect to the facts of this matter, the Central Tax Board clarified that: 1) when the taxpayer owned the ...