Denmark Tax Agency Clarifies Tax Succession

The Danish Customs and Tax Administration June 4 posted Tax Council Binding Answer No. SKM2026.269.SR, clarifying tax succession. The taxpayer, an individual, personally owned a company that became a holding company established by a tax-free merger with a holding company, the shares of which the taxpayer transferred to his sons with tax succession and valued according to the Estate Tax Act’s schematic valuation model. The taxpayer inquired regarding succession and use of the model. Upon review, the Tax Council found that: 1) tax succession was possible under the Share Capital Gains Taxation Act; 2) the Estate Tax Act’s conditions were ...