Regulation 1102(14) deemed the taxpayer to have acquired assets for the purpose of gaining or producing income because it received those assets as a result of the winding-up of its subsidiary under s. 88(1) of the Act.
Topics and taglines
Tagline
deemed property to be acquired for an income-producing purpose
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
339889
Extra import data
{
"field_legacy_header": "<strong><em>Hickman Motors Ltd. v. The Queen</em></strong>, 97 DTC 5363, [1997] 2 SCR 336 <strong>[deemed property to be acquired for an income-producing purpose]</strong>",
"field_override_history": false,
"field_sid": "",
"field_topic_category": ""
}
"field_legacy_header": "<strong><em>Hickman Motors Ltd. v. The Queen</em></strong>, 97 DTC 5363, [1997] 2 SCR 336 <strong>[deemed property to be acquired for an income-producing purpose]</strong>",
"field_override_history": false,
"field_sid": "",
"field_topic_category": ""
}