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Uudenmaan LO 17.12.1992 1775/3 AI generated

Court allows farmer to deduct water area income as farm asset for tax purposes.

Case Number Uudenmaan LO 17.12.1992 1775/3
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Administrative Court allowed the taxpayer to deduct income from 1,683 hectares of water areas as a farm asset. The farmer argued these areas were used for non-farm purposes and should be valued based on a 10% interest rate over a specific period. The court agreed, ruling that the income qualifies as an asset advantage under the relevant tax law provisions.

Legislator headnote

AI generated

TVL 43 §; TVL 45 § 4 mom: Income from water areas attached to a farm may be treated as a farm asset advantage if used for purposes other than the farm's own needs, valued according to the asset's potential pure income, duration, and a 10% interest rate.

Keywords

AI generated
farm asset advantage water area income agricultural tax asset valuation non-farm usage pure income calculation tax deduction

Cited Legislation

AI generated
TVL 43 §
TVL 45 § 4 mom
AI generated
admin_2015_eastern-finland__1606
Rental income from land leased to a golf company is taxable as agricultural income if the land constitutes an independent agricultural unit.
insurance_1972_6062-1971
Farming claim dismissed because 1.96 ha parcel failed to meet the 2 ha minimum area requirement for insurance coverage.
admin_1991_central-finland-county__259
Court rules purchase price of primarily agricultural tractor fully deductible from agricultural income allowance.
kko-precedent_2001_84
Supreme Court dismisses partition claim on shared water area due to significant inconvenience to other owners.
admin_1999_kuopio-county__453
Inheritance tax exemption denied because retained land was for residence, not continuous farming.

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Full text

Maanviljelijällä oli maatalouskiinteistöön kuuluvista,

yhteensä 1 683 hehtaarin vesialueista vähäisiä vuokratuloja.

Vesialueet katsottiin varallisuusverotuksessa

maatilaan kuuluvaksi etuudeksi, jota käytetään muuhun

kuin maatilatalouden omiin tarpeisiin ja joka arvostetaan

siihen pääoma-arvoon, joka sillä laskettuna etuudesta

saatavan puhtaan tulon, etuuden todennäköisen kestoajan

ja kahdeksan prosentin korkokannan mukaan on verovuoden

päättyessä. Verovuosi 1988.

TVL 43 §

TVL 45 § 4 mom