Legislator Case Law & Legislation
KHO:1999:75 AI generated

Supreme Administrative Court dismissed tax deduction claim for losses from a company's non-operating assets.

Case Number KHO:1999:75
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The Supreme Administrative Court dismissed the taxpayer's claim to deduct losses from non-operating assets of a company. The court found that the losses arose from the sale of assets held for investment rather than from the company's primary business operations. Consequently, the statutory conditions for deducting such losses against corporate income were not met.

Legislator headnote

AI generated

Laki elinkeinotulon verottamisesta 52 a §; Osakeyhtiölaki 14 luku 12 §: Losses from the disposal of non-operating assets of a company are not deductible from corporate income tax.

Keywords

AI generated
corporate income tax non-operating assets loss deduction company law tax liability

Cited Legislation

AI generated
Laki elinkeinotulon verottamisesta 52 a §
Laki elinkeinotulon verottamisesta 52 a §
Osakeyhtiölaki 14 luku 12 §
Osakeyhtiölaki 14 luku 12 §
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Full text

Äänestys 7-1.

Laki elinkeinotulon verottamisesta 52 a §

Osakeyhtiölaki 14 luku 12 §