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: Client asks us to reconsider our position as stated in technical interpretation 1999-0008385
Position: Issue is beyond the scope of an interpretation. We will only address issue on an advance ruling basis.
Reasons: Our previous letter reflects our general position on the above issue and, in our view, is supported in law. In addition, as indicated in our previous letter, the comments in that letter were based on limited facts.
XXXXXXXXXX 2001-007388
Cornelis Rystenbil, CGA
March 20, 2001
Dear Sir:
Re: Qualified Farm Property
This is in reply to your letter of March 1, 2001 in which you ask us to reconsider our position as stated in a previous technical interpretation involving undivided interests in farmland.
Our previous letter reflects our general position on the above issue and, in our view, is supported in law. In addition, as indicated in our previous letter, the comments in that letter were based on the limited facts that were provided to us. As discussed in a telephone conversation on March 15, 2001, (Rystenbil/XXXXXXXXXX), since your request is beyond the scope of an interpretation, this Directorate will only address this issue on an advance ruling basis for a proposed transaction as outlined in Information Circular 70-6R4.
Yours truly,
Milled Azzi, CA
for Director
Business and Partnerships Division
Income Tax Rulings Directorate
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