30.01.2024 Update: “Tainting effect” of trading activity for trade tax ... In a recent decision the Supreme Tax Court held that losses from a genuine business activity of an asset-management civil-law partnership (GbR) can lead to the reclassification of the otherwise asset-managing (non-business) activity as trading income if the so-called de minimis limit is exceeded. Categories: Supreme Tax Court casesKeywords: Asset & Wealth Management, trading incom ...
01.08.2019 Restrictions to the “tainting effect” of trading partnership ... For income tax purposes, income of a partnership from leasing and letting or from capital assets is to be reclassified as trading income where the partnership also receives a negligible amount of income from a participation in a trading partnership; however, such “tainted” income is not subject to trade tax. Categories: Supreme Tax Court casesKeywords: partnership income, trade tax, tainted i ...