Finnish Supreme Administrative Court rulings 12.2.2007

Finnish Supreme Administrative Court has given two significant preliminary rulings concerning the concept of venture capital business.

Finnish Supreme Administrative Court has given two significant preliminary rulings (KHO 2007:10 and KHO 2007:11) concerning the concept of venture capital business (pääomasijoitustoiminta) referred to in Section 9.5 of The Finnish Income Tax Act.

According to the advance rulings the new relief regime for foreign investors applies in the situations where the fund’s targets are real estates or other funds as well as in cross-border investments which are made by using international structures.