Taxation of gains on the sale of real estate and effect capital gains tax would have on rural development in Latvia
2007
Jarve, K.
The article deals with potential changes in Latvian taxation system, possibility of introducing capital gains tax on gains from sale of real estate. Gains on the sale of real estate should be treated as capital gains and hence there arises a topical question if there would be necessary to introduce in Latvia a new capital gains tax and what potential tax consequences would be. Also impact on inflation is considered as well as question of whether to tax accrued capital gains or only realised capital gains. The article presents pros and cons of introducing capital gains taxation in Latvia, potential impact this would have on real estate market in Latvia and describes proposed amendments in Latvian tax laws in regard to real estate taxation. The report compares and analyses capital gains taxation in other member States of European Union and looks at the experience of these various countries in this area. For this purpose taxation system of 12 European Union Member States which have chosen to have capital gains tax were reviewed. Article evaluates the effect such tax would have on real estate market in Latvia and rural development.
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Este registro bibliográfico ha sido proporcionado por Fundamental Library of Latvia University of Life Sciences and Technologies
