Bowman C.J. indicated that if the taxpayer's submission, that he acquired condominium rental units for the purpose of the resale thereof at a capital gain rather than as rental properties, were accepted, then the taxpayer would not be entitled to capital cost allowance by virtue of Regulation 1102(1)(c), given that subsection 9(3) excluded taxable capital gains from income from a property.
Topics and taglines
Tagline
capital gains from resale not a permitted purpose
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
339884
Extra import data
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"field_legacy_header": "<strong><em>Sivasubramaniam v. The Queen</em></strong>, 2008 DTC 3886, 2008 TCC 261",
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