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

Section 130r95 Disposition versions

2012-09-01

130R95. For the purposes of the definition of “specified leasing property” in the first paragraph of section 130R71 and section 130R93, the gross revenue derived from the following sources in a taxation year must be considered to be rent derived from a property in that taxation year:

(a)  the right of a person or partnership, other than the owner of the property, to use or occupy the property or a part thereof; and

(b)  services offered to a person or partnership that are ancillary to the use or occupation by the person or the partnership of the property or the part thereof.

s. 130R51.2; O.C. 1549-88, s. 3; O.C. 1697-92, s. 23; O.C. 366-94, s. 8; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.