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

Section 130r136 Disposition versions

2012-09-01

130R136. Section 130R135 applies only if

(a)  the taxpayer was required to acquire the property under the terms of an agreement in writing entered into before 26 May 1976;

(b)  the taxpayer commenced the construction, manufacture or production of the property before 26 May 1976 or the construction, manufacture or production of the property was commenced under an agreement in writing entered into by the taxpayer before 26 May 1976; or

(c)  the taxpayer acquired the property on or before 31 December 1976 or was required to acquire the property under the terms of an agreement in writing entered into on or before 31 December 1976, if

i.  arrangements in writing, respecting the acquisition, construction, manufacture or production of the property had been substantially advanced before 26 May 1976, or

ii.  the taxpayer had, before 26 May 1976, demonstrated a bona fide intention to acquire the property.

s. 130R60; O.C. 1981-80, s. 130R60; R.R.Q., 1981, c. I-3, r. 1, s. 130R60; O.C. 134-2009, s. 1.