The Tax Agency is applying to the Supreme Administrative Court for leave to
appeal against the Administrative Court of Appeal's judgment in favour of
Klövern concerning a case concerning a tax surcharge of SEK 493 million.
According to the earlier judgment at the Administrative Court of Appeal, a tax
surcharge cannot be imposed since no consideration of the substance of the
matter took place after Klövern withdrew its request for an additional
deduction. The tax surcharge, which was also previously quashed by the County
Administrative Court, was imposed on Klövern in spring 2006, despite Klövern
having withdrawn its request for reconsideration of the tax assessment and the
Tax Agency having concluded consideration of the matter.
If the Supreme Administrative Court does not grant leave to appeal, or if
Klövern also wins at the Supreme Administrative Court, the issue of the tax
supplement of SEK 493 million will be finally quashed.
"We are not surprised that the Tax Agency is appealing even though we think that
it is a waste, not just of Klövern's time and money, but also of the Tax
Agency's time and taxpayers' money. Should the Supreme Administrative Court
grant leave to appeal, we are confident of winning in this court as well", says
Gustaf Hermelin, Klövern's CEO.
The background is that Klövern asked in December 2003 for the tax assessment for
2003 to be reconsidered and openly requested an additional deduction of SEK
4,933m for a loss. This loss related to the sale of a subsidiary that took place
when the company was an IT company.
A renewed request for a deduction for the loss of SEK 4,933m was previously
submitted. The Tax Agency and the County Administrative Court have not approved
the deduction, although no new tax surcharge was imposed. The issue of deduction
is at present being considered by the Administrative Court of Appeal. This
proceeding is separate from the matter of a tax surcharge.
Nyköping, 9 April 2010
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO, tel +46 155-44 33 10, +46 70-560 00 00,
gustaf.hermelin@klovern.se
Caesar Åfors, CFO and Deputy CEO, tel +46 155-44 33 02, +46 70-662 48 48,
caesar.afors@klovern.se
Britt-Marie Einar, Finance and Information Manager, tel +46 155-44 33 12, +46
70-224 29 35, britt-marie.einar@klovern.se
Klövern is a real estate company committed to working closely with customers to
meet their needs of premises and services in Swedish growth regions. Klövern has
business units in ten cities: Borås, Karlstad, Kista, Linköping, Norrköping,
Nyköping, Täby, Uppsala, Västerås and Örebro. As at 31 December, the value of
the properties totalled approximately SEK 12 billion and the rental income on an
annual basis was SEK 1.4 billion. The Klövern share is listed on Nasdaq OMX
Nordic Exchange in Stockholm for medium-sized companies.
Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden. Tel +46 155-44 33 00,
Fax +46 155-44 33 22. Corporate registration no. 556482-5833. Registered office:
Nyköping. Website: www.klovern.se
[HUG#1401934]
