Tax deductible cost reported by a parent company selling assets acquired as a consequence liquidation of its subsidiary (verdict of the NSA of 25.11.2016 r., II FSK 3300/14)

The Supreme Administrative Court in its ruling dated 25 November 2016 (II FSK 3300/14) analyzed a case where a parent company made a decision to sell assets which had been acquired as a consequence of liquidation of its subsidiary. The case concerned the issue of tax deductible cost reported by the parent company for the corporate income tax purposes. In its judgment, the Supreme Administrative Court presented an opinion, according to which the parent company was entitled to treating the market value of the acquired assets as tax deductible cost. It was the first verdict related to this issue.