On 08/11/2018, the ECJ ruled on VAT reference C-502/17* re VAT-able supply.

According to the Court a share disposal transaction, envisaged but not carried out for which the direct and exclusive reason does not lie in the taxable economic activity of the company concerned, or which does not constitute the direct, permanent and necessary extension of that economic activity, does not come within the scope of VAT.

 

*All rulings of the ECJ should be read in the concrete context.