Supreme Court clarifies application of real estate income tax following insolvency

circle light

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. 

ILO Newsletter, July 12, 2013

Rückfragehinweis:

Graf Isola Logo

GRAF ISOLA Rechtsanwälte GmbH
T +43 1 401 17 – 0
E marketing@grafisola.at

Autor

Dr. Alexander Isola
M.C.J. (NYU) | Partner
T:+43 316 833 777 - 0