Tax judges are final
Kungsleden AB (publ) was today informed that the Supreme Administrative Court in Sweden has rejected the company’s application for leave to appeal concerning those tax rulings received on December 16, 2015. Since the leave to appeal has been rejected, the rulings have now taken legal effect.
In the rulings, the court found that capital gained in connection with transactions during 2006 made by Kungsleden’s affiliated companies in the Netherlands, are taxable in Sweden.
In the fourth quarter 2015, Kungsleden made a provision of SEK 1,319 m based on received judgments, and the total liquidity effect of SEK 1,303 m was paid to the Swedish Tax Agency in December, 2015.
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
The information was provided for public release on 2 November 2016 at 12:45 p.m.
Kungsleden is a long term property-owner that provides attractive, functional premises that enrich people’s working days. We create value by owning, managing and developing offices and other commercial properties in Stockholm and Sweden’s other growth regions. A large portion of our properties belong to attractively located clusters where we also engage in the development of the whole area. Kungsleden’s goal is to deliver an attractive total return on our properties and for our shareholders. Kungsleden is listed on NASDAQ OMX Nordic Mid Cap.