ARCHIVED - Leasing Property - Capital Cost Allowance Restrictions

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NO: IT-443SR

DATE: December 27, 1985

SUBJECT: INCOME TAX ACT
Leasing Property - Capital Cost Allowance Restrictions

REFERENCE: SPECIAL RELEASE

1. Paragraph 5

The words "and properties" which appear in that order in line 10 are deleted.

2. Paragraph 15 is revised to read as follows:

"15. It is the Department's view that Regulation 1100(18) only applies to property that meets the criteria of a leasing property under Regulation 1100(17). In other words, Regulation 1100(18) can only operate to exclude a property from being a leasing property if the property is, in fact, a leasing property under Regulation 1100(17). It follows therefore, that Regulations 1100(19) and (20) can also only apply with respect to a property that meets the criteria of a leasing property under Regulation 1100(17)."

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