E-9.1 - Act respecting private education

Section 157.1 Disposition versions

2000-12-20

157.1. For the purpose of determining the amount of the transfer duties under the Act respecting duties on transfers of immovables (chapter D‐15.1), the basis of imposition is the amount of the consideration furnished for the transfer of the immovable or the amount of the consideration stipulated for the transfer, whichever is greater, notwithstanding the second paragraph of section 2 of that Act, where

(1)  the transferor is a religious community or a non-profit organization devoted to private education;

(2)  the transferee is a non-profit private educational institution; and

(3)  the transfer is made to enable the transferee to use the immovable for private education purposes.

2000, c. 54, s. 36.