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

Section 130r108 Disposition versions

2012-09-01

130R108. The allowance that a taxpayer may claim for a particular taxation year in respect of property of Class 12 in Schedule B, where the taxpayer has acquired after the 1977 taxation year but before 1979 a property of that class that is a certified feature film, a certified short production or a certified feature production for which the principal photography or taping was completed after the particular year but before 2 March 1979, may not exceed the amount that would otherwise be computed under section 130R19 in respect of the property of that class for the particular year if the capital cost of the property to the taxpayer were reduced by an amount equal to the amount by which the capital cost to the taxpayer of that property at the end of the particular year exceeds the amount that may reasonably be deemed to be the proportional share of the taxpayer in production expenses incurred in respect of the property before 2 March 1979.

s. 130R55.4; O.C. 1983-80, s. 7; R.R.Q., 1981, c. I-3, r. 1, s. 130R55.4; O.C. 134-2009, s. 1.