Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Readers’ forum: Capital income

18 May 2021
Issue: 4792 / Categories: Forum & Feedback
UK taxation of ‘capital’ income in Finland.

Undisclosed capital income from sales of wood has been received for many years from the part ownership of a piece of forest in Finland.

The personal Finnish calendar year tax return states the income is from:

  • Forest business-capital income from forest partnership              x
  • Less forest business tax deduction 5%                                            (x)
  • Taxable capital income                                                                        x

We are advised that the partnership pays VAT in Finland and it appears the partnership makes payments on account of the personal tax of the partners in Finland. The partners then personally receive a...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon