30 March 2016 External T.I. 2016-0629701E5 F - bump-up 88(1)(d) -- summary under Real Estate

Where a corporation engaged in a land development business acquired a corporation holding a parcel of land as capital property, CRA accepted that the cost of the land could be bumped under s. 88(1)(d) if the target corporation was wound-up, even if the land would thereby bei acquired by the developer as inventory and even if the wind-up occured several years later.