RASK represents client in Supreme Court and clarifies definition of income.


RASK represented a client in a precedent-setting dispute in which the Supreme Court clarified the concept of acquisition cost.

The Administrative Court and Circuit Court agreed with the positions presented during the dispute by the tax authority. The Supreme Court partially upheld a cassation appeal submitted by RASK’s client, taking the view in its decision that the acquisition price of immovable property acquired by way of a gift must include collateral set by the donor prior to the conclusion of the gift agreement.

The Supreme Court settlement changed and clarified the established case-law as to whether and how the acquisition cost of a property is affected by obligations placed on the property by its previous owner.