Limitation of interest expense deduction denied when company's own capital remains positive on balance sheet.
Sintesi Legislator
Generato dall'IAThe Supreme Administrative Court allowed the taxpayer's claim to deduct interest expenses despite the company's negative equity without unlimited shareholders' capital injections. The court found that the company's own capital remained positive according to the 1994 tax year balance sheet, negating the restriction under the Business Income Tax Act. Consequently, the limitation provision could not be applied because the statutory condition regarding negative own capital was not met.
Regesto Legislator
Generato dall'IAElinkVL 18 § 2 mom; The right to deduct interest expenses cannot be restricted under the Business Income Tax Act if the company's own capital is positive on the balance sheet, even if it would be negative without unlimited shareholders' capital injections.
Parole chiave
Generato dall'IADisposizioni normative citate
Generato dall'IADecisioni correlate
Generato dall'IATesto completo
Kommandiittiyhtiön korkomenojen vähennysoikeutta ei voitu elinkeinotulon verottamisesta annetun lain 18 §:n 2 momentin nojalla rajoittaa, kun yhtiön oma pääoma oli verovuoden taseen mukaan positiivinen, vaikka se ilman äänettömien yhtiömiesten pääomapanoksia olisikin negatiivinen. Verovuosi_1994.
ElinkVL 18 § 2 mom