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

Section 130r222 Disposition versions

2012-09-01

130R222. Where a taxpayer, other than an operator of a railway system, has made a capital expenditure pursuant to a contract or arrangement with an operator of a railway system under which a railway siding that does not become the taxpayer’s property is constructed to provide service to the taxpayer’s place of business or to a property acquired by the taxpayer for the purpose of gaining or producing income, the latter, in computing income from the business or property for the taxation year, is allowed a deduction not exceeding 4% of any amount remaining, after deducting from the capital expenditure the aggregate of all amounts previously allowed as deductions in respect of the expenditure.

s. 130R120; O.C. 1981-80, s. 130R120; R.R.Q., 1981, c. I-3, r. 1, s. 130R120; O.C. 1707-97, s. 22; O.C. 134-2009, s. 1.