Capital sums received by a corporation in respect of damage to its land by drilling or exploring for oil and natural gas pursuant to a lease were to be ignored in computing the actual cost of the land to it for purposes of s. 88(2.1).
In determining the actual cost to a corporation of land owned by it on December 31, 1971 and disposed of after 1978, damages received by it in respect of the land must be ignored.
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