I-3 - Taxation Act

Section 752.0.10.16.1 Disposition versions

2012-05-09

752.0.10.16.1. Section 752.0.10.16.2 applies if, as part of a series of transactions,

(a)  an individual makes, at a particular time, a gift of a particular property to a qualified donee;

(b)  a particular person holds a non-qualifying security of the individual; and

(c)  the qualified donee acquires, directly or indirectly, a non-qualifying security of the individual or of the particular person.

2012, c. 8, s. 120.