Exceptional real-estate gains exclude cessation benefits

ATA/75/1998Cour de justice / Chambre administrative10 févr. 1998Dismissed

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Résumé Omnilex

The appellant had made major exceptional profits from real-estate transactions and sought the benefits linked to cessation of gainful activity under Art. 10a LCP. The court held that those benefits are unavailable for such an operation. The appeal was therefore dismissed.

Regeste Omnilex

Art. 10a LCP; cessation of gainful activity and exceptional real-estate gains: the preferential treatment attached to the cessation of an activity does not apply to a transaction yielding substantial exceptional immovable-property profits. Such profits fall outside the scope of the cessation regime, even if realized by a taxpayer otherwise terminating lucrative activity. The special tax advantages are reserved for genuine cessation situations and cannot be used to mitigate taxation of extraordinary real-estate gains (consid. not stated).

Texte intégral

Descripteurs

IMPOT; IMPOT SUR LES GAINS IMMOBILIERS; GAIN IMMOBILIER; CESSATION DE L'ACTIVITE LUCRATIVE; BIEN-FONDS; FIN

Normes

LCP.10A

Résumé

Le recourant qui a réalisé d'importants bénéfices immobiliers exceptionnels ne peut bénéficier, pour cette activité, de l'art. 10 A LCP. Celui qui a réalisé d'importants bénéfices immobiliers exceptionnels ne peut prétendre pour cette opération aux avantages prévus en matière de cessation d'activité.

Mots-clés

taxationimmovable propertycapital gainscessation of activityexceptional profitreal estate

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Questions juridiques clés extraites par Omnilex

Question juridique clé

Whether Art. 10a LCP grants cessation-of-activity tax benefits for exceptional real-estate gains.

Solution extraite

No. A taxpayer who realized substantial exceptional real-estate profits cannot invoke Art. 10a LCP for that operation.

Motifs extraits

The special advantages for cessation of activity are not available where the taxed transaction consists of significant exceptional gains in immovable property; the provision does not cover such speculative or extraordinary real-estate profits.

Exceptional real-estate gains exclude cessation benefitsGénéré par IA