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

Section 130r26 Disposition versions

2012-09-01

130R26. For the purposes of section 130R24, capital cost includes any amount expended by a taxpayer for or in respect of an improvement or alteration to a leased property, other than an amount expended by reason of the fact that the taxpayer or a former lessee

(a)  erected a building or other structure on leased land;

(b)  made an addition to a leased building or other structure; or

(c)  made an alteration to a leased building or other structure that substantially changed its nature.

However, in the case of property not included in Class 31 or 32 in Schedule B and acquired from a former lessee before 1976, the first paragraph is to be read without reference to “or a former lessee”.

s. 130R14; O.C. 1981-80, s. 130R14; R.R.Q., 1981, c. I-3, r. 1, s. 130R14; O.C. 134-2009, s. 1.