1998 Ruling 9730823 - CONSOLIDATION THEN PARTITION -- summary under Subsection 248(21)

Five individuals own five parcels in co-ownership. They will consolidate the five parcels into one parcel, then partition that one parcel into five separately owned parcels.

Rulings that the consolidation is not a disposition (no change in beneficial ownership) and that the partition is not a disposition (s. 248(21) applies).

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Income Tax Act - s. 248(21)
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d7 import status
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Drupal 7 entity ID
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