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Helsingin HAO 28.12.2018 18/0869/3 AI generated

Dividend received by donee, not donor, taxed when shares changed hands after dividend right vested.

Case Number Helsingin HAO 28.12.2018 18/0869/3
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 that the dividend was taxable income for the donee, not the donor, because the shares changed hands after the dividend right vested. The donor had not retained any rights to the dividend, and the dividend became payable only to the registered shareholders on the payment date. Consequently, the court determined the income belonged to the recipient of the shares for the 2011 tax year.

Legislator headnote

AI generated

Tuloverolaki 29 § 1 mom; 32 §; 110 § 1 mom: A dividend is taxable to the donee of shares when the transfer occurs after the dividend right has vested and the donor has not retained any rights to the dividend.

Keywords

AI generated
dividend taxation share transfer timing donee income donor rights registered shareholder tax year 2011 income attribution

Cited Legislation

AI generated
Tuloverolaki 29 § 1 mom
Tuloverolaki 29 § 1 mom, 32 § ja 110 § 1 mom
Tuloverolaki 32 §
Tuloverolaki 110 § 1 mom

Cited Case Law

AI generated
KHO 25.11.2020 4273/20
KHO 25.11.2020 4273/20. Päätöksen lopputulosta ei muuteta.
AI generated
admin_2000_helsinki__152
Court allows deduction of dividend rights value but rejects company tax credit offset in gift tax valuation.
kho-precedent_2016_104
Finnish Supreme Administrative Court allows gift tax deduction for retained fund assets despite equal shareholder rights.
kho-precedent_2016_160
Finnish Supreme Administrative Court dismissed transfer tax on a gift of apartment shares where the company's share was not agreed as consideration.
ECLI:FI:KHO:2020:126
Dividends paid after a gift of shares are the donee's income if the donor retained no rights at the time of payment.
kho-precedent_2011_44
Shareholding company deemed gift recipient in succession tax, not individual shareholder, under Finnish law.

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Full text

Asiassa oli kysymys siitä, kenen tulona osakeyhtiön jakama osinko tuli verottaa, kun osakkeet olivat lahjoituksen johdosta vaihtaneet omistajaa osingonjaosta päättäneen yhtiökokouksen jälkeen, mutta ennen kuin osinko oli ollut nostettavissa. Hallinto-oikeus katsoi, että kun osakkeiden lahjoittaja ei ollut pidättänyt itselleen osinko-oikeutta tai muutakaan oikeutta ja kun osinko oli ollut nostettavissa vasta osingonmaksupäivänä niille osakkeenomistajille, jotka olivat olleet merkittyinä osakasluetteloon osingon maksamispäivää edeltävän päivän päättyessä, osinko oli osakkeet lahjana saaneen eikä ne lahjoittaneen henkilön saamaa osinkotuloa. Verovuosi 2011.

Tuloverolaki 29 § 1 mom, 32 § ja 110 § 1 mom

Asian ovat ratkaisseet hallinto-oikeuden jäsenet Outi Siimes, Vesa Heikkilä (t) ja Emmi Aakula, joka on myös esitellyt asian.

KHO 25.11.2020 4273/20. Päätöksen lopputulosta ei muuteta.