Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

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

Section 16
Disposition versions

Full text
16. Section 15 does not apply when either section 440, 444 or 454 of the Taxation Act (chapter I-3) applies in respect of the disposition, by a taxpayer, of depreciable property of a prescribed class to a transferee who is the spouse or trust referred to in section 440, a child referred to in section 444 or the transferee referred to in section 454, as the case may be. However, when the transferee subsequently disposes of such property, section 15 applies as if the transferee had acquired it before 1 January 1972 and had owned it without interruption from 31 December 1971 until the time of the subsequent disposition.
1972, c. 24, s. 31; 1973, c. 17, s. 141; 1977, c. 26, s. 116; 1979, c. 38, s. 34; 1986, c. 15, s. 209.
16. Section 15 does not apply when either section 440, 444 or 454 of the Taxation Act applies in respect of the disposition, by a taxpayer, of depreciable property of a prescribed class to a transferee referred to in that section 440, 444 or 454, as the case may be. However, when the transferee subsequently disposes of such property, section 15 applies as if the transferee had acquired it before 1972 and had owned it without interruption from 31 December 1971 until the time of the subsequent disposition.
1972, c. 24, s. 31; 1973, c. 17, s. 141; 1977, c. 26, s. 116; 1979, c. 38, s. 34.
16. Section 15 does not apply when either section 440, 444 or 454 of the Taxation Act applies in respect of the disposition, by a taxpayer, of depreciable property of a prescribed class to his spouse or a trust contemplated therein or his child within the meaning assigned to such word in section 451 of the said act. However, when the spouse, the child or the trust subsequently disposes of such property, section 15 applies as if the spouse, the trust or the child, as the case may be, had acquired it before 1972 and had owned it without interruption from 31 December 1971 until the time of the subsequent disposition.
1972, c. 24, s. 31; 1973, c. 17, s. 141; 1977, c. 26, s. 116.
© Gouvernement du Québec