Heikki Vesikansa and Johan Hägerström’s Interview in Talouselämä
21 October 2020
Partner Heikki Vesikansa and Managing Associate Johan Hägerström were interviewed by Talouselämä on the effect of short-term renting on the tax-free sale of primary residence. The Central Tax Board recently issued a decision repealing the earlier policy of the Finnish Tax Administration regarding short-term renting by a narrow vote of 4 to 4. The Central Tax Board concluded that a short-term lease does not break the continuity of the residence requirement. Under Finnish law, an apartment may be sold without having to pay tax on the capital gains if the homeowner has continuously lived in their home for two years.
The article is available in Talouselämä online in Finnish.