Increasing globalization and the related cross-border flows of capital
resources has only increased interest in the taxation of transnational capital
gains among practitioners and scholars. This is particularly true as it
relates to investments in immovable property. As a consequence, Article 13 of
the OECD Model Convention - covering capital gains - has emerged as one of the
document’s key provisions. Despite this, international tax literature has
devoted little attention to the systematic analysis of capital gains in
relation to tax treaties. Stefano Simontacchi's thorough and thoughtful
examination of the ramifications of Article 13 addresses this “need to know”
in a meaningful - and readily actionable - fashion.
Based on in-depth historical research, the book pays particular attention to
the definition of capital gains falling within the scope of Article 13. It
also thoroughly analyses the treaty regime applicable to gains derived from
the alienation of both immovable property and shares of immovable property
companies.
International tax professionals will quickly recognize Stefano Simontacchi’s
book as an indispensable and highly accessible guide to an area of practice
that continues to grow in scope and importance.
Introduction. Chapter I. The Capital Gains Article in the Model
Conventions Drafted Under the Auspices of the League of Nations. Chapter II.
Definitions of Capital Gains in Article 13 of the OECD Model. Chapter III.
Gains Derived from the Alienation of Immovable Property ( Article 13(1)).
Chapter IV. Gains Derived from the Alienation of Shares in Immovable
Property Companies (Article 13(4)).