I-3, r. 1 - Regulation respecting the Taxation Act

Section 130r214 Disposition versions

2021-03-10

130R214. In the case referred to in section 130R213, where it is established that the quantity of timber in the limit or that the taxpayer has a right to cut is substantially different from the quantity that was employed in determining the rate for the last year for which an allowance was granted, the rate to which section 130R211 refers is the amount equal to the quotient obtained by dividing the amount by which the undepreciated capital cost to the taxpayer of the limit or right at the beginning of the year, determined as if subparagraph iii of subparagraph a of the second paragraph of section 130R212 had applied in respect of each previous taxation year, exceeds the estimated value of the property if the merchantable timber were removed, by the estimated quantity of timber, expressed in cubic metres, that is in the limit or that could be the subject of a cutting right at the beginning of the year.

The same rule applies where it is established that the capital cost of the limit or cutting right is substantially different from the amount that was employed in determining the rate used for that last year.

s. 130R110; O.C. 1981-80, s. 130R110; R.R.Q., 1981, c. I-3, r. 1, s. 130R110; O.C. 134-2009, s. 1; O.C. 164-2021, s. 25.

2012-09-01

130R214. In the case described in section 130R213, where it is established that the quantity of timber that is in the limit or that the taxpayer has a right to cut is in fact substantially different from the quantity that was employed in determining the rate for the last year for which an allowance was granted, the rate referred to in section 130R211 is the amount equal to the quotient obtained by dividing the amount by which the undepreciated capital cost to the taxpayer of the limit or right at the beginning of the year exceeds the estimated value of the property if the merchantable timber were removed by the estimated quantity of timber, expressed in cubic metres, that is in the limit or that could be subject to a cutting right, at the beginning of the year.

The same rule applies where it is established that the capital cost of the limit or cutting right is substantially different from the amount that was employed in determining the rate used for that last year.

s. 130R110; O.C. 1981-80, s. 130R110; R.R.Q., 1981, c. I-3, r. 1, s. 130R110; O.C. 134-2009, s. 1.