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VakO 9.5.2001/3779:2000 AI generated

Insurance court dismissed tax gain inclusion in student aid income due to partial payment timing.

Case Number VakO 9.5.2001/3779:2000
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Insurance Court dismissed the claim to include the full capital gain from a stock sale in the student aid income calculation for the 1997 autumn term. Although the tax authority recognized the entire gain as 1997 income despite partial payment occurring in 1998, the court found the transaction was not yet binding and final at the time of sale. Consequently, the court ruled that only the amount actually received in 1997 should be considered for student aid purposes.

Legislator headnote

AI generated

Vakuutusoikeuslaki 1001/1991; 110 § tuloverolaki 1297/1992: When a capital gain is recognized by the tax authority but the transaction remains incomplete due to partial payment, only the income actually received in the relevant tax year is includable in student aid calculations.

Keywords

AI generated
capital gain recognition student aid income partial payment timing tax year determination binding transaction status

Cited Legislation

AI generated
Vakuutusoikeuslaki 1001/1991
110 § tuloverolaki 1297/1992
AI generated
admin_1992_turku-and-pori-county__173
Transfer of ownership after Nov 1, 1990 grants first home tax exemption even if contract signed earlier.
admin_2001_kuopio__445
Court defines pure forestry yield for tax purposes by referencing farm income tax law definitions.
admin_2009_vaasa__693
Inadmissible: Income tax law treats capital gains by transaction year; prior repayment cannot offset gain from different year.
kho-precedent_2003_19
Sale of own shares taxed as business income rather than tax-free capital investment by Supreme Administrative Court.
kho-precedent_2016_219
Capital gains tax applies to share sale proceeds exceeding capital contribution when shares are bought back per company rules.

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Full text

A oli myynyt omistamansa osakkeet lokakuussa 1997. Tuolloin hänelle oli kuitenkin maksettu vain ensimmäinen osa kauppahinnasta ja loppuosa maksettiin vuoden 1998 aikana. Ei kuitenkaan ollut tuotu esille, etteikö kyseessä olisi ollut sitova ja lopullinen kauppa. Myös verottaja oli tuloverolain 110 §:n mukaisesti vahvistanut kaupasta saadun luovutusvoiton kokonaisuudessaan A:n vuoden 1997 tuloksi. Vakuutusoikeus katsoi, että luovutusvoitto oli opintotukeen vaikuttavia tuloja laskettaessa otettava koko määrältään huomioon syyslukukauden 1997 tulona.

Jaosto

III