Traduction de «Opzione di vendita » (Italien → Anglais) :

The sale of an option as a financial instrument should be treated as a supply of services separate from the underlying transactions to which the option relates.

1. The sale of an option, where such a sale is a transaction within the scope of point (5) of Article 13(B)(d) of Directive 77/388/EEC, shall be a supply of services within the meaning of Article 6(1) of that Directive.

different levels of taxation on share values and capital yield in the Member States (double taxation); the most appropriate time to tax share options (exercise of a stock option); tax only to be payable when the shares acquired by way of option conversion are sold;

different levels of taxation on share values and capital yield in the Member States (double taxation); the most appropriate time to tax share options (exercise of a stock option); tax, moreover, only to be payable when the shares acquired by way of option conversion are sold;

64. Notes that Promotion Leopold (a subsidiary of S.A. SEL) in the case of the D4-D5 buildings, and S.A. Immomills Louis De Waele Development in the case of the Ardenne building forwarded documents establishing exclusive rights over the sites concerned, notes that SA Promotion Leopold is the outright owner of 11 % of the D4-D5 sites and has a purchase option on 89 % of the other D4-D5 sites, enabling it to acquire ownership of them at any time up to 6 April 2005, the date on which the option will expire (purchase option agreement of 6 April 2000 between the SNCB and SA Promotion Leopold) whereas SA Immomills Louis De Waele Development ac ...[+++]quired the "Ardenne" site by a contract of sale dated 23 January 1998 ;

63. Notes that Promotion Leopold (a subsidiary of S.A. SEL) in the case of the D4-D5 buildings, and S.A. Immomills Louis De Waele Development in the case of the Ardenne building forwarded documents establishing exclusive rights over the sites concerned, notes that SA Promotion Leopold is the outright owner of 11 % of the D4-D5 sites and has a purchase option on 89 % of the other D4-D5 sites, enabling it to acquire ownership of them at any time up to 6 April 2005, the date on which the option will expire (purchase option agreement of 6 April 2000 between the SNCB and SA Promotion Leopold) whereas SA Immomills Louis De Waele Development ac ...[+++]quired the ’Ardenne’ site by a contract of sale dated 23 January 1998;