I personally wouldn’t risk trying to sell the shares to my wife to claim the tax benefit. With bad luck, the tax authorities might interpret it differently.
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What makes it punishable? I don’t understand. Is it because the buyer is the spouse? And why does that matter?
Edit: Finnish Tax Administration’s in-depth guidance
"Based on case law, back-and-forth securities trading in normal stock exchange trading can be considered tax avoidance, and the deduction of a capital loss can be denied based on Section 28 of the Act on Tax Assessment Procedure (VML) generally only if the following conditions are met:
- the loss-making sale was initiated in a situation where the taxpayer has accrued or is accruing capital gains on which they would have to pay tax for that tax year, or they have other capital income in the tax year from which the capital loss would be deducted,
- the taxpayer has purchased the same amount of similar securities on the day of sale at the same or nearly the same price as the selling price, and
- the taxpayer is unable to provide a reason independent of taxation for the sale and repurchase of the securities.
If the sale and repurchase of securities are part of the same pre-arranged scheme, back-and-forth trading can be considered tax avoidance even if the repurchase occurs later than the same day."
So it might be, or it might not be. It also matters where the shares are held. If the shares are in an equity savings account (juustotili), the law dictates that liquidation actions should be initiated immediately.
In this situation, where the company’s bankruptcy looks very likely, it is hard to see why realizing losses—even by selling to one’s spouse—would be a punishable act.
It must be remembered, however, that the figures for the subsidiary Daro are likely accurate, as they passed KPMG’s audit. Daro’s revenue in 2025 was £7.3M and its 2025 EBITDA was £0.80M, growing 7-11% from the previous year. If Daro were valued at 10x EBITDA, that would roughly equate to 2-3 SEK per Intellego share. But Intellego itself is, of course, a major mess that will likely struggle to meet its liabilities.
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Fortunately, I am not an Intellego owner (though I did read through the thread once the shenanigans were revealed), but I also see a potential problem here from a relationship perspective. In fact, I would be worried about how a wife might interpret the situation unless the potential consequences were 100% clear and known when making the decision.
I fully understand the importance of optimization and minimizing losses, but I strongly recommend not involving loved ones in optimization schemes where they could face financial liability or perhaps have to hire tax lawyers for the tax authority’s interpretations, which likely aren’t on the cheaper side.
It’s easier, and better for the relationship, to admit your own mistake regarding a bad investment (with mitigating circumstances including the fact that, as a retail investor, you couldn’t have known about insider crimes and that it was a listed company, not WinCapita) and write off the losses, rather than having it potentially come back to bite your partner later, which could put the foundation of the whole relationship to a much harder test. The more complex the plan and your own interpretation of the situation, the more things can go wrong later.
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I don’t see any problem with selling even to your wife, for example. It’s not tax evasion, but a sale just like any other through the exchange. In Finland, everyone is taxed individually in these matters.
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It is equivalent to selling through the exchange, provided the price is what would be obtained from the market AND the ownership truly transfers. The original poster stated that their motive for the trade between spouses was to realize a tax benefit without losing control of the shares. Taxation is based on the individual, but there are good reasons why the tax authority’s guidelines address transactions between spouses or other proxies.
If fellow forum members decide to engage in trades with their spouses, they should at least ensure that if the tax authority asks the spouse why they bought these shares, the answer isn’t “I don’t know” or “my spouse made these trades.”
I would hope that even Intellego investors understand that there are certain criteria that must be met for a trade or revenue to be recognized.
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Early bird etc. There had been buyers for a couple of days, and now, according to the Nordnet broker, there haven’t been any trades for a couple of weeks.
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I got the same answer last week when I “tried my luck” by calling the broker.
This kind of “information package” was published on the company’s website a few weeks ago, apparently it wasn’t here yet:
Information to Intellego Shareholders – March 12, 2026 | Intellego Technologies
If they miraculously manage to meet the authorities’ requirements, etc., there might be some chance that they will re-list on Darona in the coming years. Apparently, they have applied for (successfully?) overpaid taxes from previous years, but the amounts are quite negligible. The clearest hurdles they need to overcome are the assets seized by the Swedish guarantee institution and the impending fine. The demand from that one institutional investor to get their money back is something that, by common sense, should not be able to pass. They had the exact same information available as ordinary investors when they made their investment decision, so it’s “their own mistake,” especially since it was quite certainly the CEO’s own fraud rather than the whole company, and logically, Claes should be responsible, not the company. Of course, there were some clauses in that offering/investment agreement that I don’t remember by heart now, but I believe they won’t be investing any more in the company, regardless of how cheaply they could get it according to the agreement 
.
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New letter:
Summary:
- Extraordinary General Meeting in two weeks, where the continuation of the company’s operations will be decided; the control balance sheet is weak due to HCM requirements and an expected corporate fine.
- KPMG’s 2023 report confirms that sales were also non-existent at that time; the company is investigating the possibility of reclaiming 2023 taxes as well.
- Conclusion on the Chinese market after the management’s visit: DARO products have a realistic opportunity to build sales and distribution, but it requires time, personnel, and marketing; the outlook for dosimeters is non-existent.
- At the Annual General Meeting to be held on June 25, the board intends to present an updated group structure, a possible name change, the business plan for 2026–2028, and listing options.
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Dead and buried. This is a real thorn in my side since I have it in both my Equity Savings Account (OST) and my Book-Entry Account (AOT). As I understand it, there’s a €50/month custody fee for both since they are held at Nordnet. Pure stupidity on my part for buying this.
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I noticed that this extraordinary general meeting was held a week ago. I can’t find the minutes or a press release on Intellego’s website. Does anyone have any clue what was decided there?
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Surely the costs aren’t that high. Probably per year.
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It seems to be €3/month per portfolio per share. Not quite that much of a rip-off after all. There is no separate pricing for the Equity Savings Account (OST) and the Book-Entry Account (AOT).
Apparently, the EGM agenda included a proposal to decide on either the continuation of the company’s operations or its liquidation. The meeting’s decisions are not yet visible on the company’s own website, even though it was held a week ago. The Board has proposed that operations should continue.
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Operations will continue. There are eight months to restore the equity, or the end result will be bankruptcy. Source below, but I don’t have a paid subscription, so I can’t summarize the article. Let’s hope more information comes through official channels.
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So what, you’re saying there are monthly fees just for having worthless shares sitting in your portfolio? I also have a few hundred Intellego shares hanging around in mine.
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It is an unlisted stock, so I doubt anyone would hold them for free. Nordnet (NN) charges €3 per month.
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Right, sounds logical. The loss of money on this garbage didn’t actually end; instead, there’s even more to pay. Then again, blindly jumping into this scam based on the stories on the Inderes forum deserves to come with a cost. At least I learned not to mess around like this anymore.
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At the Gold level / private banking at Nordnet, the management of unlisted Nordic shares is €0.
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This is clearly a problem, especially regarding the equity savings account (osakesäästötili); the value of unlisted shares is worth about as much as toilet paper, nobody is buying, and the company has no operations.
How could I donate worthless assets to, for example, an organization in Lieksa?
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I have a couple of unlisted shares, including INT, sitting in an OP equity savings account (AOT).
At least I haven’t noticed any regular fees being charged for them.
I suppose I’ll have to try to get rid of them at some point, if only I knew how.
A donation could be one option, of course 
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