case<\/a> in which a private limited company includes in its corporation tax return a write-down of \u20ac250,000 against its profits in connection with a worthless investment in crypto-tokens.<\/p>\n\n\n\nTokens<\/h2>\n\n\n\n
In 2018, the shareholder\/director of the private limited company entered into a so-called \u201ctoken agreement\u201d with a company based in the United Arab Emirates. Subsequently, \u20ac250,000 was paid from the BV\u2019s bank account for the purchase of SRXIO tokens. These tokens were recognised as an investment on the BV\u2019s balance sheet as at 31 December 2018. In the 2019 corporation tax return, a write-down of \u20ac250,000 on this investment is charged against the private limited company\u2019s profit.<\/p>\n\n\n\n
Private investment<\/h2>\n\n\n\n
The Court finds that this constitutes a private investment. The agreement to purchase the tokens was signed by the shareholder\/director, and there is no evidence to suggest that this was done at the company\u2019s expense and risk. The fact that the purchase price was paid from a bank account held by the private limited company does not alter this. The same applies to the way in which this was accounted for in the company\u2019s annual accounts. Under civil law, the investment was made privately. The Tax and Customs Administration was correct to amend the 2019 corporation tax return on this point.<\/p>\n\n\n\n
It is noteworthy that the Tax and Customs Administration included a profit distribution of \u20ac250,000 in the shareholder\/director\u2019s 2018 income tax assessment, to which the shareholder\/director raised no objection.<\/p>","protected":false},"excerpt":{"rendered":"
Dat de BV betaalt, wil nog niet zeggen dat de investering door de BV is gedaan. Dat beslist de Rechtbank Den Haag in een zaak waarin een BV in haar aangifte vennootschapsbelasting een afwaardering van \u20ac 250.000 ten laste van haar winst verwerkt in verband met een waardeloze investering in crypto-tokens. Tokens De aandeelhouder\/bestuurder van […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1626","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/comments?post=1626"}],"version-history":[{"count":0,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1626\/revisions"}],"wp:attachment":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/media?parent=1626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/categories?post=1626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/tags?post=1626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}