ATA/132/1997•Immediate taxation of growth fund unit income
ATA/132/1997Corte di giustizia / Camera amministrativa19 feb 1997Confirmed
Estratto da Omnilex
The decision holds that income from units in a growth fund is taxable immediately upon realization. The case concerns the timing of taxation only; the court confirms that no deferral applies under the relevant tax rule.
LCP.16; revenu des parts d’un fonds de croissance; moment de la réalisation fiscale. Le revenu provenant de parts d’un fonds de croissance est imposable immédiatement, la réalisation intervenant au moment où le revenu est acquis et non à une date ultérieure. The court thus rejects any postponement of taxation for such fund income.
Descripteurs
REVENU; IMPOT; MOMENT DE LA REALISATION; FIN
Normes
LCP.16
Résumé
Le revenu des parts d'un fonds de croissance doit être immédiatement imposable.
Estratto da Omnilex
When is income from growth fund units realized for tax purposes?
Income from growth fund units is immediately taxable.
The court held that the realization of income occurs immediately, so taxation is triggered without deferral.
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