I-3 - Taxation Act

Section 450.11 Disposition versions

2006-03-01

450.11. Where two or more depreciable properties of a prescribed class are disposed of at the same time as a consequence of an individual’s death, Divisions I to III and paragraph a of the definition of “cost amount” in section 1 apply as if each property so disposed of were separately disposed of in the order designated by the individual’s legal representative or, in the case of a trust referred to in section 450, by the trust and, where the taxpayer’s legal representative or the trust, as the case may be, does not designate an order, in the order designated by the Minister.

1995, c. 49, s. 130.