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Keski-Suomen LO 17.5.1989 509 AI generated

Court allows loan interest deduction for share purchase enabling employment as business-related debt interest.

Case Number Keski-Suomen LO 17.5.1989 509
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted
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Legislator summary

AI generated

The Administrative Court of Central Finland allowed the taxpayer to deduct loan interest incurred to purchase shares in a transport company. The taxpayer, who later became a manager at the company's branch, argued the share purchase was a prerequisite for securing the job. The court found the share acquisition was indeed a condition for obtaining the position, thereby classifying the interest as business-related.

Legislator headnote

AI generated

Lain 2 § 1 momentti; Loan interest paid to acquire shares enabling employment is deductible as business-related debt interest if the share purchase was a prerequisite for the job.

Keywords

AI generated
loan interest deduction share purchase prerequisite business-related debt employment condition taxable income reduction

Cited Legislation

AI generated
Lain 2 § 1 momentti
AI generated
admin_1995_kuopio-county__1250
Court allows loan interest deduction for share purchase when business activity is incidental to investment.
admin_1994_hame-county__974
Spousal joint ownership of rental properties allows full interest deduction under Finnish tax law.
admin_2008_helsinki__2
Court dismissed tax appeal ruling that capital increase conversion acquisition date equals original share purchase date.
admin_2010_oulu__543
Inheritance tax exemption for business succession not applied to company with minimal remaining business activity.
admin_1997_central-finland-county__325
Court held capital gains portion must include all shares owned by taxpayer, not just those receiving dividends.

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Full text

Oikeuskysymyksenä asiassa oli, ovatko verovelvollisen kuljetusliikettä harjoittavan osakeyhtiön osakkeiden ostoon ottaman lainan korot vähennyskelpoisia ansiotoimintaan liittyvän velan korkoina.

A oli ottanut 99 523 markan lainan hankkiakseen 900 kappaletta kuljetusliikettä harjoittavan X Oy:n 11 800 osakkeesta. Hän maksoi lainasta korkoja 10 128 markkaa verovuonna 1984. A toimi 1.10.1984 lähtien yhtiön J:n kunnassa olevan toimipaikan johtajana. Hän oli tätä ennen työssä Y Oy:ssä, joka sulautui 20.12.1984 X Oy:öön.

Lääninoikeus katsoi A:n ilmoituksen ja muun asiassa saadun selvityksen perusteella, että osakkeiden osto on ollut edellytyksenä työpaikan saamiselle. A:lla oli oikeus vähentää korot ansiotoimintaan liittyvän velan korkoina.

Verovuosi 1984.

L velkojen korkojen vähennysoikeuden rajoittamisesta verotuksessa annetun lain 2 §:n 1 momentin väliaikaisesta (898/83) muuttamisesta