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

Section 130r126 Disposition versions

2012-09-01

130R126. Where a taxpayer is deemed under a provision of the Act to have disposed of and acquired or reacquired a property,

(a)  for the purposes of paragraph b of section 130R123 and of sections 130R98, 130R149, 130R150 and 130R160, the acquisition or reacquisition by the taxpayer is deemed to have been from a person with whom the taxpayer was not dealing at arm’s length at the time of the acquisition or reacquisition; and

(b)  for the purposes of the portion of section 130R123 before paragraph a, the taxpayer is deemed to be the person from whom the taxpayer acquired or reacquired the property.

s. 130R55.14; O.C. 1697-92, s. 31; O.C. 134-2009, s. 1.