Between September 1970 and March 1971 the taxpayer entered into a number of agreements to purchase about 70 acres of land near Welland and closed the purchases in October 1971. Since the agreement for the purchase of the main parcel of agricultural land was conditional upon rezoning to permit development as a shopping centre, the price which was negotiated (and thus, the value of the package on V-Day) already reflected the value which the land assembly would have for a shopping centre development. The potential of the site as a regional shopping centre was too speculative to be given much weight.
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d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
332703
Extra import data
{
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"field_legacy_header": "<strong><em>Doral Holdings Ltd. v. The Queen</em></strong>, 87 DTC 5258, [1987] 1 CTC 398 (FCTD)",
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