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

Section 360r88 Disposition versions

2012-09-01

360R88. For the purposes of computing the additional depletion of a corporation the control of which is deemed, for the purposes of section 384 of the Act, to have been acquired, after the corporation last ceased to carry on active business, by one or more persons who did not control it at the time of that ceasing, the amount by which the additional depletion of the corporation at that time exceeds the aggregate of amounts otherwise deducted under section 360R83 in computing its income for the taxation years ending after that time but before acquiring control, is deemed to have been deducted under that section 360R83 in computing the income of the corporation for the taxation years ending before that control acquisition.

s. 360R53; O.C. 1983-80, s. 28; R.R.Q., 1981, c. I-3, r. 1, s. 360R53; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.