Kokai-Kuun Estate – Tax Court of Canada finds that interest carrying charges were not a cost of land

Following Stirling, Lyons J found that interest carrying charges on vacant land could not be added to its ACB.

Neal Armstrong. Summaries of Kokai-Kuun Estate v. The Queen, 2015 TCC 217 under s. 54 - adjusted cost base and s. 50(1).