I-0.4 - Mining Tax Act

Section 35.5 Disposition versions

1994-12-21

35.5. Subject to section 35.4, where at a particular time a person or partnership that is an operator receives from a person a dividend payable in kind consisting of property described in section 9, the person or partnership is deemed to have acquired the property at a cost equal to its fair market value at that time, and if the person paying the dividend is also an operator, that person is deemed to have alienated the property at the same time for proceeds equal to its fair market value.

1994, c. 47, s. 38.