Can a revision be made to capital cost allowance claimed in a previous taxation year regarding partnership property? CRA responded:
In general, a request for a revision to capital cost allowance claimed on property held by a partnership may be granted if all the conditions in paragraph 10 of … IC84-1... are satisfied by all members of the partnership. Specifically, all members of the partnership must jointly request a revision to capital cost allowance claimed in a taxation year for which a notice stating that no tax is payable has been issued to each member of the partnership. Such request will be allowed provided there is no change in the tax payable for any member of the partnership for the year or any other year filed, including one that is statute barred, for which the time has expired for filing a notice of objection. Such request will not be allowed … where … the Minister has issued a notice of determination … to one or more members.