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

Section 130r159 Disposition versions

2012-09-01

130R159. Subject to section 130R184, rental properties of a taxpayer, the capital cost of which is $50,000 or more must be included in a separate class from other properties of the taxpayer described in the same class in Schedule B.

However, this section does not apply to a rental property acquired by the taxpayer before 1972 or to a rental property that is a building, an interest therein or a leasehold interest acquired by the taxpayer by reason of the fact that the taxpayer erected a building on leased land, if the erection of the building was commenced by the taxpayer before 1972 or pursuant to an agreement in writing entered into by the taxpayer before 1972.

s. 130R81; O.C. 1981-80, s. 130R81; R.R.Q., 1981, c. I-3, r. 1, s. 130R81; O.C. 2962-82, s. 19; O.C. 500-83, s. 19; O.C. 1697-92, s. 40; O.C. 134-2009, s. 1.