ILO Newsletter 12. Juli 2013

Insolvenz und Sanierung

Supreme Court clarifies application of real estate income tax following insolvency

Following the 2012 introduction of a tax on capital gains realised from the sale of real estate by individuals, one issue remained unclear - the question of who must pay if the property owner is insolvent, the property is sold in connection with the insolvency proceedings and the sale proceeds are transferred to pledgees. A recent Supreme Court decision provides clarification in this regard. 


Alexander

Dr. Alexander Isola

M.C.J. (NYU) Partner
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