26 July 2024 External T.I. 2024-1014761E5 - Replacement property rules -- summary under Former Business Property

CRA indicated that a property, which apparently was sold by the taxpayer because it could no longer be rented out to third parties, did not qualify as a “former business property” for purposes of the replacement property rollover in s. 44, stating that property which “is vacant but would otherwise earn rent, would not qualify.”