Artikel X Overeenkomst tussen het Koninkrijk der Nederlanden en de Verenigde Staten van Amerika tot het vermijden van dubbele belasting en het voorkomen van het ontgaan van belasting met betrekking tot belastingen naar het inkomen

X In reference to paragraph 8 of Article 14 (Capital Gains) It is understood that paragraph 8 of Article 14 (Capital Gains) shall not apply to an alienation of property by a resident of one of the States if the tax that would otherwise be imposed on such alienation by the other State cannot reasonably be imposed or collected at a later time. For example, under the domestic law of the United States, a foreign corporation that qualifies as a “United States real property holding corporation” is taxed in some circumstances if it transfers its assets to a United States corporation in a reorganization. In such a case, only if the shareholders of such foreign corporation agree to reduce basis (if and only to the extent available) by “closing agreement” can the tax that otherwise would be imposed on such alienation be reasonably imposed or collected at a later time.