I-3 - Taxation Act

Section 1034.0.2 Disposition versions

2006-03-01

1034.0.2. The rules contemplated in section 1034.0.1 are the following:

(a)  where the property is transferred after 15 February 1984, the transferee shall not be liable to pay under section 1034 any amount in respect of any income from, or gain from the disposition of, the property so transferred or property substituted therefor;

(b)  where the property is transferred before 16 February 1984, and where the transferee would, but for this paragraph, be liable to pay an amount under this Act by virtue of section 1034, the transferee’s liability in respect of that amount shall be deemed to have been discharged on 16 February 1984.

1986, c. 15, s. 181; 1989, c. 77, s. 103.