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I-3 - Taxation Act

Section 1129.29
Disposition versions

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1129.29. Where, at any time, control of a corporation is acquired by a person or group of persons, where an immovable has been transferred to the corporation before 18 March 2016 and in the 24 months preceding that time, where the transfer is exempt from the payment of transfer duties under section 19 of the Act respecting duties on transfers of immovables (chapter D-15.1) and where it may reasonably be considered that the immovable was transferred in contemplation of the acquisition of control of the corporation by the person or group of persons, the corporation shall pay to the Minister, within 30 days from the date of sending of a notice of assessment, special duties equal to 125% of the amount of the transfer duties that would have been payable following the transfer if that section 19 had not been applicable in respect of the transfer and, where the transfer is not registered, if it had been registered.
1993, c. 64, s. 191; 1994, c. 22, s. 346; 1997, c. 3, s. 71; 2004, c. 4, s. 16; 2017, c. 1, s. 382.
1129.29. Where, at any particular time, control of a corporation is acquired by a person or group of persons, where an immovable has been transferred to the corporation in the 24 months preceding that time, where the transfer is exempt from the payment of transfer duties under section 19 of the Act respecting duties on transfers of immovables (chapter D-15.1) and where it may reasonably be considered that the immovable was transferred in contemplation of the acquisition of control of the corporation by the person or group of persons, the corporation shall pay to the Minister, within thirty days from the date of sending of a notice of assessment, special duties equal to 125% of the amount of the transfer duties that would have been payable following the transfer if the said section 19 had not been applicable in respect of the transfer and, where the transfer is not registered, if it had been registered.
1993, c. 64, s. 191; 1994, c. 22, s. 346; 1997, c. 3, s. 71; 2004, c. 4, s. 16.
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