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

Section 130r35 Disposition versions

2012-09-01

130R35. Where a taxpayer acquires a property that, if it were acquired by a person with whom the taxpayer does not deal at arm’s length at the time of the acquisition, would be a leasehold interest of that person, a reference in this division to a leasehold interest includes, in respect of the taxpayer, that property, and the terms and conditions of the leasehold interest in that property for the taxpayer are deemed to be the same as those that would have applied to that person if the person had acquired the property.

s. 130R21.2; O.C. 1631-96, s. 6; O.C. 134-2009, s. 1.