Exceptional real-estate gains exclude cessation benefits

ATA/75/1998Corte di giustizia / Camera amministrativa10 feb 1998Dismissed

Estratto da Omnilex

Sintesi 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.

Massima 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).

Testo completo

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.

Parole chiave

taxationimmovable propertycapital gainscessation of activityexceptional profitreal estate

Estratto da Omnilex

Questioni giuridiche chiave estratte da Omnilex

Questione giuridica chiave

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

Decisione estratta

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

Motivazione estratta

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 benefitsGenerato dall'IA