Kungsleden - update on tax rulings and adjusted estimate
The Swedish Supreme Administrative Court, the HFD, has ruled in what is known as the Cyprus Case. The HFD found that the Swedish Tax Evasion Act could be considered applicable to the sale of properties through limited partnerships held by a Cypriot company. Kungsleden was not party to this case, but conducted transactions in a similar manner as the case the Court ruled on in the years 2004-2006.In Kungsleden’s cases, the sales were via Dutch companies, and accordingly, these procedures have been termed BV proceedings in previous communication. Kungsleden has 11 cases on which a stay has