I-3 - Taxation Act

Section 851.15 Disposition versions

2006-03-01

851.15. The amount referred to in section 851.14 is equal to that proportion of the amount by which the acquisition fee of the segregated fund policy exceeds the aggregate of the amounts determined under the said section in respect of the policy before the particular time, that the fair market value, at the particular time, of the interest disposed of is of the fair market value, immediately before the particular time, of the policyholder’s interest in the segregated fund trust relating to that policy.

1978, c. 26, s. 165; 1996, c. 39, s. 273.