10 October 1989 External T.I. 58345 F - CCA Class for Land Improvement

By services, 18 January, 2022
Official title
CCA Class for Land Improvement
Language
French
CRA tags
n/a
Document number
Citation name
58345
Severed letter type
Technical Interpretation - External
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
630851
Extra import data
{
"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1989-10-10 08:00:00",
"field_tags": []
}
Main text
19(1) File No. 5-8345
  Peter Lee
  (613) 957-2745

October 10, 1989

Dear Sir:

Re:  Land Improvement

We are writing in reply to your letter of July 7, 1989, wherein you requested our opinion on the classification of expenditures with respect to developing the greens, tees and fairways of a golf course situated on leased land.

The classification of these expenditures can be determined only when all the details of the transactions, including the rights and obligations of the lessee and lessor, have been established and reviewed.  However, we would only undertake such review on an advance income tax ruling basis set our in Information circular 70-6R dated December 18, 1978.

Yours truly,

for DirectorFinancial Industries DivisionRulings Directorate