Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Capital gains taxable in state where asset is located; shares taxed where company incorporated; special rules for ships/aircraft.</h1> Capital gains from the sale, exchange, or transfer of a capital asset are taxable only in the Contracting State where the asset is located at the time of the transaction, as per the respective tax laws. The shares of a company are considered to be situated in the state where the company is incorporated. For ships or aircraft operated in international traffic by an enterprise of a Contracting State, capital gains are taxable only in that Contracting State.
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