Sept. 4, 2018
Fund structuring costs for closed-end funds are tax deductible
The German Federal Tax Court held on April 26, 2018, that fund structuring costs, which are incurred in the investment period of closed-end funds, do not need to be capitalised but instead are tax deductible. This court decision is contrary to the established jurisprudence and practise of the German fiscal authorities in the past years.
Note: This newsletter is only available in German language.