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

Section 130r93 Disposition versions

2012-09-01

130R93. Subject to section 130R97 and for the purposes of this division and sections 130R156 to 130R203, a leasing property of a taxpayer or of a partnership is a depreciable property of which the taxpayer or the partnership is the owner, together with another person or otherwise, and which, during the year, is used by the taxpayer or partnership mainly for earning or producing gross revenue consisting of rent, royalty or leasing revenue and that is not

(a)  rental property within the meaning of section 130R88;

(b)  computer tax shelter property;

(c)  a property described in subparagraph q or r of the second paragraph of Class 10 in Schedule B or in subparagraph n or r of the first paragraph of Class 12 in that schedule; or

(d)  a property leased by the taxpayer or the partnership to a lessee, in the ordinary course of the taxpayer’s or partnership’s business of selling goods or rendering services, under an agreement by which the lessee undertakes to use the property to carry on the business of selling, or promoting the sale of, the taxpayer’s or partnership’s goods or services.

s. 130R51; O.C. 1981-80, s. 130R51; R.R.Q., 1981, c. I-3, r. 1, s. 130R51; O.C. 2727-84, s. 3; O.C. 1697-92, s. 22; O.C. 1539-93, s. 6; O.C. 1707-97, s. 98; O.C. 1282-2003, s. 22; O.C. 134-2009, s. 1; O.C. 1176-2010, s. 12.