Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
Principal Issues:
Partnership incurred CEE and CDE
Position TAKEN:
Can not discuss or disclose information from an advance tax ruling with other than a party to that ruling.
Reasons FOR POSITION TAKEN:
Advance tax rulings are confidential
XXXXXXXXXX 5-941424
Attention: XXXXXXXXXX
August 30, 1994
Dear Sirs:
Re: Mining Farm-out
This is in reply to your letter of May 25, 1994 wherein you requested our views concerning whether a position taken by the Department with respect to an earlier advance tax ruling continues to represent the Department's policy affecting transactions of a similar nature.
As advance tax rulings are provided to taxpayers with regard to specific proposed transactions and based on the facts and circumstances particular to the taxpayers and transactions, we are unable to respond to your enquiry.
If you have a proposed transaction in which a limited partnership proposes to allocate Canadian exploration expense incurred by the limited partnership to certain limited partners and Canadian development expense incurred by the limited partnership to other partners, we would be pleased to examine the transaction in the context of an advance income tax ruling request.
Yours truly,
for Director
Manufacturing Industries,
Partnerships and Trusts Division
Rulings Directorate
Legislative and Intergovernmental
Affairs Branch
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