Kungsleden has received negative tax rulings
Kungsleden today received tax rulings from the Administrative Court concerning tax cases, in which the company is involved. The Administrative Court rules that two of Kungsleden´s Swedish group companies should be considered being party to a transaction in 2006 which legally was made by two of Kungsleden´s Dutch group companies.
The ruling means that the Administrative Court is of the opinion that the capital gain resulting from the transaction should be subject to taxation in Sweden.
Kungsleden will now analyze the tax rulings and will revert shortly with its assessment of the verdicts and their effects. Should the rulings be upheld, the effect on profit is not expected to be in excess of the SEK 1,400 m previously 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 10 June 2014 at 3:00 p.m.
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 OMX Stockholm since 1999.
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