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BS-916/2012-HRS ECLI:DK:HRS:2022:BS0000002511 AI generated

Sale of shares with golf club membership rights deemed non-taxable supply under Danish VAT Act.

Case Number BS-916/2012-HRS
Court / Authority
Jurisdiction Denmark (DK)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The court dismissed the request to refer the case to the Supreme Court, ruling that the sale of shares constitutes a taxable supply of goods. The plaintiff argued that the attached golf club membership rights should exclude the transaction from VAT, but the court found no such exclusion applies. Consequently, the matter was resolved at the first instance without needing higher judicial review.

Legislator headnote

AI generated

momslovens § 1, stk. 1; § 4, stk. 1: The sale of shares is considered a taxable supply of goods unless specific conditions regarding attached rights are met to exclude it from VAT.

Keywords

AI generated
Danish VAT Act taxable supply of goods sale of shares golf club membership VAT exclusion criteria

Cited Legislation

AI generated
momslovens § 1, stk. 1
momslovens § 4, stk. 1
AI generated
BS-2926/2012-VLR
Court dismisses VAT claim, ruling issuance of golf club shares is tax-exempt share issuance, not transfer of membership rights.
BS-43054/2021-VLR
Court dismissed tax appeal, upholding that share purchase price must reflect market value despite insider information.
BS-11103/2020-VIB
Court allows VAT refund for timber processing where buyer bears risk and profit motive exists.
BS-30898/2020-OLR
Court dismisses bonus as dividend income, ruling membership rights lack equity characteristics under tax law.
BS-23734/2022-VLR
Court allows tax increase on unexercised stock options premiums under Income Tax Act Section 4.

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Full text

Afgørelse om, hvorvidt sag af principiel karakter, der vedrører, hvorvidt et selskabs salg af aktier skal anses for at udgøre en momspligtig leverance iht. momslovens § 4, idet der til aktien er knyttet ret til medlemskab til golfklub, skal henvises til landsretten.