I-3 - Taxation Act

Section 1098 Disposition versions

2015-10-21

1098. The Minister shall issue without delay to the person contemplated in section 1097 and to the proposed purchaser upon receipt of the notice provided for in the said section and upon payment, on account of tax payable by such person, of an amount equal to 12.875% of the excess of the amount mentioned in subparagraph c of the first paragraph of section 1097 over that mentioned in subparagraph d of the said paragraph or upon the furnishing of a surety acceptable to the Minister in that respect, a certificate in prescribed form fixing the amount which such person proposes to receive from the disposition in accordance with subparagraph c of the said paragraph.

1972, c. 23, s. 821; 1973, c. 18, s. 30; 1986, c. 15, s. 195; 1991, c. 25, s. 173; 2003, c. 2, s. 285; 2005, c. 23, s. 238; 2015, c. 21, s. 501.

2006-03-01

1098. The Minister shall issue without delay to the person contemplated in section 1097 and to the proposed purchaser upon receipt of the notice provided for in the said section and upon payment, on account of tax payable by such person, of an amount equal to 12% of the excess of the amount mentioned in subparagraph c of the first paragraph of section 1097 over that mentioned in subparagraph d of the said paragraph or upon the furnishing of a surety acceptable to the Minister in that respect, a certificate in prescribed form fixing the amount which such person proposes to receive from the disposition in accordance with subparagraph c of the said paragraph.

1972, c. 23, s. 821; 1973, c. 18, s. 30; 1986, c. 15, s. 195; 1991, c. 25, s. 173; 2003, c. 2, s. 285; 2005, c. 23, s. 238.