I-3, r. 1 - Regulation respecting the Taxation Act

Section 130r150 Disposition versions

2012-09-01

130R150. For the purposes of this Title and Schedule B, where a taxpayer has acquired, after 25 May 1976, property of a particular class in that schedule that had been previously owned before 26 May 1976 by the taxpayer or by a person with whom the taxpayer was not dealing at arm’s length, otherwise than by virtue of a right referred to in paragraph b of section 20 of the Act, at the time the property was acquired, and at that particular time, the property was included in a different class in that schedule, other than Class 28 or 41, the property is deemed to be property in the different class and not property in the particular class.

s. 130R72; O.C. 1981-80, s. 130R72; R.R.Q., 1981, c. I-3, r. 1, s. 130R72; O.C. 1697-92, s. 39; O.C. 134-2009, s. 1; O.C. 390-2012, s. 23.