9136-6872 Québec Inc. v. The Queen, 2010 TCC 91, 2010 DTC 1263 [at at 3833] -- summary under Paragraph 13(21.1)(b)

By services, 28 November, 2015

Paragraph 13(21.1)(b) applies as long as land is not disposed of in the same year as a building on the land.

The taxpayer purchased a building property in order to demolish the building and replace it with a new building that it could lease out. The taxpayer was deemed to have proceeds of disposition on the demolished building, in accordance with s. 13(21.1)(b).

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Income Tax Act - s. 13(21.1)(b)
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Node
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334143
Extra import data
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