Kungleden receives negative outcome in tax rulings
Today, Kungsleden was notified of the Administrative Court of Appeal’s rulings on tax cases that Kungsleden has been involved in. In the cases, the Swedish Tax Agency claimed that certain transactions in 2006 were taxable in Sweden, even though the transactions were made by Kungsleden’s affiliated company in the Netherlands, where the capital gain was tax exempt.
Last year, the Administrative Court ruled in favour of the Swedish Tax Agency and now the higher authority has concurred that the transactions are to be transferred to the Swedish legal entity of the Kungsleden Group.
Kungsleden will be analysing the judgements and it will, at a later time, provide information on how the company views the rulings and their consequences. In the event of a final negative outcome on these ongoing court cases, it is estimated that the maximum effect on earnings is approximately SEK 1,360 million, which Kungsleden has already communicated.
For more information, please contact:
Anders Kvist, Deputy CEO and CFO Kungsleden | phone +46 8 503 052 11| anders.kvist@kungsleden.se
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
Kungsleden AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was provided for public release on 16 December 2015.
Kungsleden’s business concept is to own, manage and improve commercial properties in growth regions in Sweden and to deliver attractive total returns. Kungsleden’s strategies to create value are based on meeting the premises requirements of customers by managing, improving and developing properties and planning consents and by optimising the company’s property portfolio. Kungsleden has been quoted on NASDAQ Stockholm since 1999.