Legislator Case Law & Legislation
KHO:1999:73 AI generated

Zero-interest bonds deemed taxable assets, not exempted interest income, under Finnish tax law.

Case Number KHO:1999:73
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Administrative Court ruled that zero-interest bonds constitute taxable assets rather than exempt interest income. The applicant argued these bonds fell under the interest income tax exemption, but the court found they were personal assets subject to wealth tax. Consequently, the court allowed the tax authority's position that these specific bonds were taxable.

Legislator headnote

AI generated

Laki korkotulon lähdeverosta 3 § 1 ja 2 mom.; Varallisuusverolaki 10 § 16 kohta: Zero-interest bonds are classified as taxable assets and do not qualify for interest income tax exemptions.

Keywords

AI generated
zero-interest bonds taxable assets interest income tax wealth tax Finnish tax law

Cited Legislation

AI generated
Laki korkotulon lähdeverosta 3 § 1 ja 2 mom.
Laki korkotulon lähdeverosta 3 § 1 ja 2 mom.
Varallisuusverolaki 10 § 16 kohta
Varallisuusverolaki 10 § 16 kohta

Cited Case Law

AI generated
KHO 07.07.1999/1821
Kts ennakkoperinnän osalta myös KHO 07.07.1999/1821.
AI generated

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Full text

Joukkovelkakirjat, jotka olivat nollakorkoisia ja jotka siten eivät kuuluneet korkotulon lähdeverosta annetun lain piiriin, olivat henkilön veronalaisia varoja. Ennakkoratkaisu vuosille 1998 ja 1999.

Laki korkotulon lähdeverosta 3 § 1 ja 2 mom.

Varallisuusverolaki 10 § 16 kohta

Kts ennakkoperinnän osalta myös KHO 07.07.1999/1821.