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Uudenmaan LO 24.11.1988 951/VI AI generated

Court allows interest capitalization as taxable income and capital assets under Finnish Tax Law.

Case Number Uudenmaan LO 24.11.1988 951/VI
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Administrative Court ruled that interest accrued on a capital deposit must be treated as taxable income and added to the principal. The taxpayer argued for a different treatment, but the court confirmed the interest's dual status as income and capital assets. Consequently, the interest was correctly classified as taxable income and capitalized for the 1984 tax year.

Legislator headnote

AI generated

TVL 19 § 1 mom; TVL 39 § 1 mom; TVL 49 § 3 mom: Interest accrued on a deposit constitutes taxable income and, when capitalized, forms part of the taxpayer's capital assets.

Keywords

AI generated
interest capitalization taxable income capital assets tax year 1984 deposit interest Finnish Tax Law administrative court ruling

Cited Legislation

AI generated
TVL 19 § 1 mom
TVL 39 § 1 mom
TVL 49 § 3 mom
AI generated
appeal_1982_eastern-finland__171
Tax court dismisses tax evasion charge where high interest savings were not reported due to unclear regulations.
kho-precedent_2015_33
Interest on a loan is taxable income in the year it accrues, not when paid, if the lender has control over it.
admin_1987_uusimaa-county__200
Investment allowance not treated as tax relief requiring addition to income for discretionary tax assessment.
admin_1986_mikkeli-county__831
Administrative court allows mortgage interest deduction post-divorce when property division is pending.
admin_1987_uusimaa-county__291
Silent partner of taxed limited partnership must pay social security contributions based on post-tax profits.

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Full text

Elinkorkolaitos maksoi sijoitetulle pääomalle vuotuista elinkorkoa.

Laitoksen sääntöjen mukaan laitokseen sijoitettua

pääomaa ei palautettu osakkaille, mutta oikeus korkoon oli

voimassa rajoittamattoman ajan ja siirtyi koronsaajan perillisille.

Elinkoron saaja oli sopinut laitoksen kanssa, että

vuotuista korkoa ei nosteta, vaan se lisätään talletuspääomaan.

Korko katsottiin elinkoron saajan veronalaiseksi tuloksi

ja sen kapitalisoitu arvo veronalaisiksi varoiksi. Verovuosi

1984.

TVL 19 § 1 mom

TVL 39 § 1 mom

TVL 49 § 3 mom