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Uudenmaan LO 27.2.1992 261/3 AI generated

Court allows interest deduction for permanent residence acquisition under Finnish Income Tax Act provisions.

Case Number Uudenmaan LO 27.2.1992 261/3
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Administrative Court ruled in favor of the taxpayer regarding the deduction of interest expenses incurred to acquire a permanent residence. The taxpayer argued that interest paid on a loan used to purchase a house, in which the couple resided permanently, should be deductible under the Income Tax Act. The court upheld this position, confirming that the specific statutory conditions for interest deduction were met in this scenario.

Legislator headnote

AI generated

TVL 29 § 1 mom 1 kohta; 2 §: Interest expenses incurred for acquiring a permanent residence are deductible from taxable income if the taxpayer and spouse resided in the property permanently.

Keywords

AI generated
income tax deduction interest expense permanent residence family home taxable income reduction

Cited Legislation

AI generated
TVL 29 § 1 mom 1 kohta
2 §
L velkojen korkojen vähentämisoikeuden rajoittamisesta verotuksessa 2 §
AI generated
admin_1986_turku-and-pori-county__748
Court dismisses tax claim for rental income when tenant is son living with mother after father's death.
admin_1992_kyme-county__383
Court allows interest deduction on loan for permanent residence but denies double interest on that debt.
insurance_2005_9406-2004
Insurance court allows pensioner's pension reduction appeal, ruling reduction applies only to the pensioner's own financial weakening, not spouse's.
kho-precedent_1998_84
Court held that a doctor's apartment used as a residence is not taxable business asset for net wealth calculation.
kho-precedent_2014_136
Supreme Administrative Court allows welfare claimant to receive full support by ordering a new investigation into their separate living situation.

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Full text

Verovelvollisen ottamalla velalla ja hänen osituksessa

saamillaan varoilla oli rahoitettu verovelvollisen tyttären

nimiin hankitun asunnon osto. Verovelvollinen puolisoineen

asui kyseisessä asunnossa vakituisesti. Verovelvollisella

oli oikeus vähentää velkojensa korot vakituisen

asunnon hankkimisesta aiheutuneina velkojen korkoina.

Verovuosi 1988.

TVL 29 § 1 mom 1 kohta

L velkojen korkojen vähentämisoikeuden rajoittamisesta verotuksessa 2 §

Ks. Esa Aalto: Koron vähennysoikeus henkilöverotuksessa

s. 298-299