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I-3 - Taxation Act

Section 85.1
Disposition versions

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85.1. For the purposes of section 83, the fair market value of the property described in the inventory of a taxpayer means, in the case of work in progress at the end of a taxation year of a business that is a profession, the amount that can reasonably be expected to become receivable in respect thereof after the end of the year and, in other cases, the replacement cost of the property.
1982, c. 5, s. 23; 1984, c. 15, s. 17.
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