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

Section 130r142 Disposition versions

2012-09-01

130R142. For the purposes of this Title and Schedule B, where one or more properties of a taxpayer are included in a separate class pursuant to an election made by the taxpayer in accordance with section 130R198 or 130R199, all the properties in that class immediately after the beginning of the taxpayer’s fifth taxation year beginning after the end of the first taxation year in which a property of the class became available for use by the taxpayer for the purposes of section 93.6 of the Act must be transferred immediately after the beginning of that fifth taxation year from the separate class to the class in which the property would, but for the election, have been included.

s. 130R64.2; O.C. 1631-96, s. 21; O.C. 1463-2001, s. 39; O.C. 134-2009, s. 1.