Under the Belgian Income Tax Law, capital gains on fixed assets such as buildings, equipment or machinery are not immediately taxed if a reinvestment is made in assets used in Belgium.

A few key recommendations that we strongly encourage the committee to consider are to allow the rollover of capital gains should an owner wish to sell a rental building and either buy or build a new one; rebate 100% of the GST, as is the case with other multi-unit buildings; have the same taxation rules apply to the construction and operation of rental apartment buildings as are applied to condos, hotels, and warehouses; allow landlords to apply capital cost deductions at a rate that will foster significant reinvestment in upgrading and maintaining the existing 3.1 million apartments in Canada; and apply a flat taxation rate of 15% o ...[+++]n all revenues generated from secondary suites, rather than the application of standard taxation practices.

However, this does not apply in respect of capital gains on office buildings which because of their very nature are not intended to be used for maritime transport.

The European Commission has sent Spain a formal request to amend its discriminatory legislation concerning the taxation of non-residents' employment-related income and concerning capital gains realised by non-residents on the sale of Spanish immovable property.

Additional added value will occur when data is methodically analysed in order to produce first-class criminal intelligence.

If one were, for example, to give us the powers to not only give an income tax receipt for the value of the property upon donation, as we currently can, but also to waive the capital gains tax that would be applied to the appreciated value—the value of that building that might have appreciated during the period of ownership—the media would probably pounce on that as a way of giving money to the already rich financial institutions.