Central Tax Board Ruling: Income Derived by Non-Resident Investor from a Finnish Real Estate Investment Fund Not Taxable in Finland

On 1 February 2012 the Central Tax Board rendered an advance ruling (KVL 002/2012) stating that the income or capital gains derived by a non-resident investor from a Finnish special investment fund investing in Finnish real estate was not taxable in Finland by virtue of domestic tax law and the Nordic Tax Treaty.