No extended trade tax deduction if entire property is sold d ...
According to a judgment of the Supreme Tax Court, the extended trade tax deduction pursuant to Section 9 No. 1 Sentence 2 of the Trade Tax Act is not available if a corporation has sold all of its real estate one day before the end of the assessment period (in the case of dispute: “at the beginning of 31 December”) because it was not exclusively and continuously active in real estate management during the whole assessment period.
Kategorien: Supreme Tax Court cases
Schlagwörter: sale of property, extended trade tax ded ...
