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

Section 130r122 Disposition versions

2012-09-01

130R122. Where a taxpayer has acquired a property of a class in Schedule B or incurred a capital cost in respect of a property of such a class, between 12 November 1981 and 1 January 1983, the rules in section 130R124 apply in respect of the property if

(a)  the taxpayer was required to acquire the property under an agreement in writing entered into before 13 November 1981 or, where the property is a property described in Class 31 in Schedule B, before 1 January 1982;

(b)  the taxpayer or a person with whom the taxpayer was not dealing at arm’s length commenced construction, manufacture or production of the property before 13 November 1981 or, where the property is a property described in Class 31 in Schedule B, before 1 January 1982;

(c)  the taxpayer or a person with whom the taxpayer was not dealing at arm’s length made, for the construction, manufacture or production of the property, arrangements in writing that were substantially advanced before 13 November 1981, and if the construction, manufacture or production commenced before 1 June 1982; or

(d)  the taxpayer was required to acquire the property under an agreement in writing entered into before 1 June 1982 and if arrangements in writing for the acquisition or leasing of the property were substantially advanced before 13 November 1981.

s. 130R55.10; O.C. 2847-84, s. 8; O.C. 134-2009, s. 1.