VII quater : Deferral of taxation on capital gains realised from property exchange transactions with the State, local authorities and public establishments

I. – Capital gains generated by a company on the exchange of a property with the State, a local authority, a competent public establishment for inter-municipal cooperation or a public establishment or association mentioned in Chapters I, II and IV of Title II of Book III of the Town Planning Code may, on option, not be taxed on the exchange, provided that: a) The property or properties handed over at…