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

Section 130r55 Disposition versions

2012-09-01

130R55. Where a taxpayer or a partnership has acquired a property that is a replacement property within the meaning of subsection 3 of section 96 of the Act, and where the property would otherwise be specified energy property of the taxpayer or partnership, the property is deemed not to be specified energy property of the taxpayer or partnership if the former property, referred to in subsection 1 of that section, was not, by virtue of this section or section 130R53 or 130R54, specified energy property of the taxpayer or partnership immediately before it was disposed of by the taxpayer or partnership.

s. 130R30.3.6; O.C. 91-94, s. 2; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.