[From SlashDot] Domain Names ARE Property

[Sterling]

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| Canadian Judge Rules Domain Names Are Property
| from the radical-libertarians-all dept.
| posted by timothy on Saturday August 13, @10:25 (Canada)
| with 123 comments
| https://yro.slashdot.org/story/11/0...operty?utm_source=newsletter&utm_medium=email
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[0]farrellj writes "A recent decision in the Ontario Appeals court has
ruled in favour of Tucows, saying that domain names are [1]considered
property, rather than being a license. This has major ramifications for a
people both inside and outside Canada, doubly so since Tucows is a major
domain registrar. This ruling comes from a very high court, which means
that any appeal must go to the Supreme Court of Canada. So there is a
good chance this ruling will stand."

Links:
0. http://can-con.org/
1. http://domainnamewire.com/2011/08/05/canadian-court-rules-domain-names-are-property/

 

[DomainsInc]

very interesting. i wonder when selling domain names if people would be exempt from paying capital gains on it since properties are exempt up to a certain amount.

 

[Gerry]

very interesting. i wonder when selling domain names if people would be exempt from paying capital gains on it since properties are exempt up to a certain amount.

No. Not in the US.

It is subject to capital gains.

 

[DomainsInc]

No. Not in the US.

It is subject to capital gains.

Yeah, I'm talking about Canada since this is where the ruling was made (ontario)

Q.2 What is the Lifetime Capital Gains Exemption (LCGE)?

A.2 Under certain circumstances, small business owners, farmers, and fishers may be eligible for a lifetime capital gains exemption on the first $500,000 of capital gain realized on the disposition of qualifying capital property.

 

[Aristo]

A.2 Under certain circumstances, small business owners, farmers, and fishers may be eligible for a lifetime capital gains exemption on the first $500,000 of capital gain realized on the disposition of qualifying capital property.

where can i learn more about this?