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

Section 130r79 Disposition versions

2012-09-01

130R79. Where, at any time, a taxpayer acquires, from a person with whom the taxpayer does not deal at arm’s length or by reason of an amalgamation, within the meaning of section 544 of the Act, a property that was a specified leasing property of the person from whom the taxpayer acquired it, the taxpayer is deemed, for the purposes of paragraph a of section 130R76 and for the purposes of computing the taxpayer’s income in respect of the lease for any period subsequent to that time, to be the same person as, and the continuation of, the person from whom the taxpayer acquired the property.

s. 130R42.9; O.C. 366-94, s. 7; O.C. 134-2009, s. 1.