Real estate

Danish and foreign businesses setting up real-estate projects and companies, etc., must always be sure to choose the optimum structure in terms of direct and indirect taxes, thereby eliminating the risk of unexpected tax consequences which may negatively affect the return and the budgets.

Kromann Reumert's tax law group provides advice to companies, businesses and individuals on taxation of real estate. We provide advice in connection with planned transactions and projects and in connection with subsequent questions and disputes with the tax authorities or others.

Our areas of advice include:

• organisation of real-estate projects and companies
• financing of real estate, and amortisation and depreciation for tax purposes; taxation of profit from sale of real estate, including taxation of permanent and summer residences, parental purchase of homes for their children, compulsory acquisition, reinvestment of profits, etc.
• real estate tax (public land assessment value, land tax, service charge)
• tax on the public land assessment value of Danish and foreign real estate
• VAT on the building, purchase, sale, renting and administration of real estate
• registration fee.