News » January, 2011 » 17 January 2011
Romanian Proprietatea Fund Core Hldrs Exempt From Capital Gains Tax
17.01.2011, 12:30 | Capital Markets | 991 views
Romanians who were compensated for their communism-seized property in Fondul Proprietatea stock will not be taxed on the profit achieved in selling the shares on the stock market, according to Dana Mirela Ionescu, head of brokerage firm Raiffeisen Capital&Investment. However, investors who bought the fund's shares on the "gray" market will pay a tax calculated on the difference between the buying price and the sale price, said Ionescu, general manager and president of Raiffeisen Capital&Investment, one of the companies that brokers the Proprietatea fund listing on the Bucharest bourse. Read more on Mediafax.ro
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