8 October 2010 Roundtable, 2010-0373461C6 F - Retrait d'une société de personnes -- summary under Subsection 40(3)

Where a general partner whose units have a negative ACB has his units redeemed equally over the course of five years, 20% of the negative ACB will be included in computing his capital gain from the disposition of 20% of his units in the first year of redemption pursuant to s. 100(2).