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Uudenmaan LO 1.3.1990 117/VI AI generated

Partnership debt on residential property disallows interest deduction for individual partner in Finnish tax law.

Case Number Uudenmaan LO 1.3.1990 117/VI
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed
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Legislator summary

AI generated

The Administrative Court dismissed the appeal regarding a partnership's liability for a debt attached to a partner's residence. The court found that the partnership, as a separate taxable entity, owed the debt, and the individual partner could not deduct the associated interest from their personal tax return. Consequently, the partner's claim for a tax deduction was rejected based on the separation of the partnership's and individual's tax liabilities.

Legislator headnote

AI generated

TVL 29 § 1 mom 1 kohta; The interest paid by a partnership on a debt secured against a partner's residence is not deductible by the partner in their individual income tax return.

Keywords

AI generated
partnership liability tax deduction interest separate taxable entity residential property debt individual tax return

Cited Legislation

AI generated
TVL 29 § 1 mom 1 kohta

Cited Case Law

AI generated
Uudenmaan hovioikeuden päätös A:8.3.1990 T:136/VI
AI generated
admin_1986_central-finland-county__1372
Court allows silent partner to deduct interest on company loan as business expense under tax law.
admin_1990_uusimaa-county__136
Court allows partial interest deduction for partnership debt on owner's residence, limiting deduction to 10,000 Mks total income.
kko-precedent_2003_41
Supreme Court rules that taxes paid to a partner of a limited partnership are a reorganization debt for the partnership.
admin_2003_rovaniemi__344
Court allows interest deduction for terminated company debts when year-end balance sheet shows positive equity.
kko-other_2000_969
Starting a debt arrangement interrupts the limitation period for a commanditee's tax liability towards the general partner.

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Full text

Erillisenä verovelvollisena verotettava liiketoimintaa harjoittava

kommandiittiyhtiö omisti kiinteistön, jolla sijaitsi

vastuunalaisen yhtiömiehen asunto. Kommandiittiyhtiöllä

oli nimissään velka, joka kohdistui asuntoon.

Vastuunalaisella yhtiömiehellä ei ollut oikeutta omassa

verotuksessaan vähentää kommandiittiyhtiön maksamia, asuntoon

kohdistuvia korkoja. Verovuosi 1985.

Vrt. ULO:n päätös A:8.3.1990 T:136/VI

TVL 29 § 1 mom 1 kohta