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Hämeen LO 20.3.1991 282/1 AI generated

Court dismissed appeal on stamp duty exchange of property shares not qualifying as securities under tax law.

Case Number Hämeen LO 20.3.1991 282/1
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed
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Legislator summary

AI generated

The Supreme Administrative Court dismissed the appeal against the County Administrative Court's decision that a transaction involving property shares did not constitute a taxable exchange of securities. The parties argued whether the transfer of half-interests in two residential buildings constituted a 'securities exchange' under the Stamp Duty Act, requiring a stamp duty payment. The court ruled that the transaction involved the transfer of real estate rights rather than the exchange of negotiable securities, thereby exempting it from the specific stamp duty provisions.

Legislator headnote

AI generated

Stamp Duty Act 55 §; Securities Exchange Act 55 §: The transfer of ownership rights in real estate shares does not constitute a taxable exchange of securities under the Stamp Duty Act when the underlying assets are immovable property rights rather than negotiable instruments.

Keywords

AI generated
stamp duty liability securities exchange definition property shares transfer immovable property rights administrative court appeal

Cited Legislation

AI generated
Stamp Duty Act 55 §

Cited Case Law

AI generated
Supreme Administrative Court 1966 II 732
Supreme Administrative Court 1977 II 657
Supreme Administrative Court 1970 II 623
Supreme Administrative Court 1989 B 579
Supreme Administrative Court 1989 B 580
AI generated
admin_2016_northern-finland__72
Administrative court ruled transfer tax applies to land division as exchange rather than tax-free ownership dissolution.
kho-precedent_2001_48
Finnish Supreme Administrative Court dismissed appeal; joint ownership partition creates taxable capital gains under Income Tax Act.
admin_1993_kuopio-county__51
Stamp duty on a later transfer applies to an earlier dissolved sale if ownership had not transferred.
admin_1990_kuopio-county__96
Court held share transfer tax not due as shares were not defined under tax law.
kko-precedent_2007_47
Supreme Court remands case to determine if joint land mortgage applies to heirs' shares under main title rules.

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Full text

KHO on kumonnut lääninoikeuden päätöksen. KHO:n päätöksen viitetiedot näkyvät ennakkotapauksen lopussa.

A oli 18.12.1987 yhdessä B:n kanssa ostanut kahden samankokoisen asuinhuoneiston hallintaan oikeuttavat asunto-osakkeet siten, että A oli omistanut kummankin huoneiston hallintaan oikeuttavista osakkeista puolet ja B toiset puolet. Yhteisomistussuhde purettiin 31.8.1988 siten, että A sai yksin omistukseensa toisen huoneiston hallintaan oikeuttavat osakkeet ja B vastaavasti toisen. Lääninoikeus katsoi, ettei tuo saanto ollut leimaverolain 55 §:ssä tarkoitettu arvopapereiden vaihto. Saannosta ei näin ollen ollut suoritettava leimaveroa.

Esittelijän eriävä mielipide: A oli vaihtanut puolet toisen huoneiston hallintaan oikeuttavista osakkeista puoleen toiseen huoneiston hallintaan oikeuttavista osakkeista. Kysymyksessä oli ollut leimaverolain 55 §:ssä tarkoitettu arvopapereiden vaihto, josta oli ollut suoritettava leimaveroa.

KHO 1966 II 732

KHO 1977 II 657

Vrt. KHO 1970 II 623, 1989 B 579 ja 580

KHO:n päätös 22.11.1991 taltionumero 4339. Päätös kumottu.

KHO:n vuosikirjaratkaisu 1991-B-574.