I-3 - Taxation Act

Section 524.0.2 Disposition versions

2019-06-19

524.0.2. (Repealed).

2015, c. 24, s. 82; 2019, c. 14, s. 151.

2015-10-26

524.0.2. Where incorporeal capital property in respect of a business of a taxpayer was disposed of by the taxpayer to a corporation and the election referred to in section 518 was made in respect of the property, the taxpayer shall, for the purpose of determining after the disposition time the amount to be included under paragraph a or b of section 105 in computing the taxpayer’s income, deduct from the amount otherwise determined under subparagraph b of the second paragraph of section 105.2 and subparagraph a of the second paragraph of section 107 the amount determined under subparagraph b of the first paragraph of section 524.0.1 in respect of the disposition.

2015, c. 24, s. 82.