Article 14 - Capital gains - UAR (Egypt)

ARTICLE 14 CAPITAL GAINS 1. subject to the provisions of paragraph (3) gains from the sale, exchange or transfer of a capital asset being immovable property, as defined in paragraph (2) of article VI, or movable property shall be taxable only in the Contracting State in which such property is situated. 2. For the purpose of this article the situs of the shares of a company shall be deemed to be in the Contracting State where the company is incorporated. 3. Capital gains derived from the sale, exchange or transfer of a capital asset being a ship or aircraft shall be taxable only in the Contracting State in which such ship or aircraft is registered.