Changing the Law

Forgotten deductions for losses and securities from 2009, can be deducted in 2017.

Since 2014, we have been working with several tax cases, where the taxpayers lost very large deductions for unnoticed capital losses in 2009.

Although legislators agreed that the rules were impossible for ordinary taxpayers to understand, the National Tax Tribunal concluded that it was the taxpayer’s own fault that they had filed the tax return incorrectly.

In vain, the taxpayers attempted to have this clause removed. We took on the case for a number of clients. This was the result:

We succeeded in helping to change the law. Due to the flagrant unfairness of the case, the Minister of Tax decided to introduce a new rule. This rule allows taxpayers to deduct capital losses for up to eight years after the missing year.