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

Section 130r160 Disposition versions

2012-09-01

130R160. Section 130R159 does not apply to a rental property

(a)  that was acquired by the taxpayer either in the course of a reorganization in respect of which, if a dividend were received by a corporation in the course of the reorganization, section 308.1 of the Act would not apply to the dividend by reason of the application of section 308.3 of the Act, or from a person with whom the taxpayer was not dealing at arm’s length, otherwise than by virtue of a right referred to in paragraph b of section 20 of the Act, at the time of the acquisition of the property; and

(b)  that was, immediately before it was so acquired by the taxpayer, a rental property of the person from whom it was so acquired of a prescribed class otherwise than under section 130R159.

s. 130R82; O.C. 1981-80, s. 130R82; R.R.Q., 1981, c. I-3, r. 1, s. 130R82; O.C. 1472-87, s. 7; O.C. 1471-91, s. 17; O.C. 1697-92, s. 41; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.