1 May 1990 External T.I. 59845 F - Change of Use of Property

By services, 18 January, 2022
Official title
Change of Use of Property
Language
French
CRA tags
n/a
Document number
Citation name
59845
Severed letter type
Technical Interpretation - External
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
633011
Extra import data
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"field_release_date_new": "1990-05-01 08:00:00",
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Main text
24(1) File No. 5-9845
  C. Robb
  (613) 957-2744

Attention:  19(1)

May 1, 1990

Dear Sirs:

Re:  Change of Use of Property

We are writing in response to your letter of March 23, 1990 in which you requested our views concerning the income tax treatment to be accorded to leased automobiles returned to the dealer/lessor at the end of the lease term.  The automobiles would be sold shortly thereafter or in certain rare instances re-leased.

The Department's views on this subject are contained in Interpretation Bulletin IT-102R2, a copy of which is enclosed for your convenience.  Should you find that your concerns are not adequately addressed in the bulletin, we would be pleased to provide further assistance.

Yours truly,

for DirectorFinancial Industries DivisionRulings Directorate