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KHO:2000:59 AI generated

Inheritance gift shares tax deduction rule applied to sale proceeds instead of gift date value.

Case Number KHO:2000:59
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Supreme Administrative Court allowed the taxpayer's claim regarding the tax treatment of shares received as a gift. The taxpayer argued that the acquisition cost for capital gains tax should be based on the value at the time of the gift sale, rather than the gift date value. The court ruled that the specific provision for property acquired without payment applies to the sale proceeds, overriding the general rule for gift date valuation.

Legislator headnote

AI generated

Tuloverolain 46 § 1 momentin ja 47 § 1 momentin: When shares received as a gift are sold, the acquisition cost for capital gains tax is determined by the value at the time of sale, not the gift date value.

Keywords

AI generated
capital gains tax inheritance gift shares acquisition cost rule sale proceeds valuation tax deduction application

Cited Legislation

AI generated
Tuloverolaki 46 § 1 mom.
Tuloverolaki 46 § 1 mom. ja 47 § 1 mom.
Tuloverolaki 47 § 1 mom.
AI generated
kho-precedent_2016_104
Finnish Supreme Administrative Court allows gift tax deduction for retained fund assets despite equal shareholder rights.
admin_1988_uusimaa-county__292
Court allows gift tax on loans used as gift proceeds despite under-reporting in declarations.
admin_1988_kuopio-county__677
Gift tax applies regardless of donor's prior business income tax on gifted assets sale.
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.
admin_2015_turku__505
Company debt on shares is consideration for inheritance tax, but established practice exempts it from tax.

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Full text

Verovelvollinen oli saanut lahjaksi pörssiosakkeita. Lahjoituksista ei lahjojen arvon jäädessä alle verotettavan määrän ollut aikanaan annettu lahjaveroilmoituksia. Kun hän myi lahjaksi saamansa osakkeet, ei osakkeiden luovutusvoiton verotuksessa voinut tulla sovellettavaksi tuloverolain 47 §:n 1 momentin vastikkeetta saadun omaisuuden hankintamenoa koskeva säännös lahjoitusajankohdan arvon käyttämisestä, vaan lain 46 §:n 1 momentin hankintameno-olettamaa koskeva säännös. Verovuodet 1995-1997.

Tuloverolaki 46 § 1 mom. ja 47 § 1 mom.