Zero-interest bonds deemed taxable assets, not exempted interest income, under Finnish tax law.
Legislator summary
AI generatedThe 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 generatedLaki 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 generatedCited Legislation
AI generatedCited Case Law
AI generatedRelated Decisions
AI generatedFull 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.