49The Court has further specified that the existence of such a link between transactions must be assessed in the light of the objective content of those transactions. More specifically, it is necessary to consider all the circumstances surrounding the transactions concerned and to take account only of the transactions which are objectively linked to the taxable person’s taxable activity (see, to that effect, judgment of 17 October 2018, Ryanair, C‑249/17, EU:C:2018:834, paragraph 28 and the case-law cited). To that effect, the Court has held that account must be taken of the actual use of the goods and services purchased by the taxable person (see, to that effect, judgment of 12 November 2020, Sonaecom, C‑42/19, EU:C:2020:913, paragraph 66) and of the exclusive reason for the transaction in question, since that reason must be regarded as a criterion for determining the objective content (judgment of 8 November 2018, C&D Foods Acquisition, C‑502/17, EU:C:2018:888, paragraph 37 and the case-law cited).
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