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

Section 130r138 Disposition versions

2012-09-01

130R138. A taxpayer may make the election referred to in section 130R137 if the taxpayer

(a)  disposed of a property included in a class in Schedule B that would have been a property included in the class referred to in paragraph b if the taxpayer had acquired it at the time the property referred to in paragraph b was acquired and from the person from whom that property was acquired; and

(b)  acquired, before the end of the taxation year during which the property referred to in paragraph a was disposed of, a property included in a class in Schedule B, other than the class referred to in paragraph a and other than a separate class referred to in Chapter V, with the exception of section 130R176, that would have been a property included in the class referred to in paragraph a if the taxpayer had acquired it at the time the property referred to in paragraph a was acquired and from the person from whom that property was acquired.

s. 130R62; O.C. 1981-80, s. 130R62; R.R.Q., 1981, c. I-3, r. 1, s. 130R62; O.C. 2847-84, s. 9; O.C. 1697-92, s. 34; O.C. 366-94, s. 13; O.C. 134-2009, s. 1.