29.1. Where, among the property transmitted to a beneficiary contemplated in section 27 or 29 resident or domiciled in Québec, there is property mentioned in section 37 or 39, this beneficiary may, in computing the taxable value of the property transmitted to him owing to death, deduct the lesser of the market value of the aggregate of such property so transmitted and of the amount by which $200 000 exceeds the aggregate of the amounts already deducted by the deceased person under section 1212 of the Taxation Act (chapter I-3) in respect of such property, computed in proportion to the ratio between the market value of such property transmitted to the beneficiary and the market value of the aggregate of such property so transmitted.
1980, c. 15, s. 6; 1984, c. 35, s. 1.