I-4 - Act respecting the application of the Taxation Act

Section 88.1 Disposition versions

1993-06-15

88.1. For the purposes of sections 86 and 87, where a taxpayer has acquired a particular property in circumstances to which any of sections 69, 86 and 87 applied and subsequently acquires, in consideration for the disposition of the particular property, another property in circumstances to which either of sections 86 and 87 would have applied if the taxpayer had owned the particular property on 31 December 1971 and thereafter without interruption until the time of the subsequent acquisition, the taxpayer is deemed, in respect of that subsequent acquisition, to have owned the particular property on 31 December 1971 and thereafter without interruption until the time of the subsequent acquisition.

1993, c. 16, s. 356.