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.
XXXXXXXXXX 5-971960A
Karen Power, C.A.
Attention: XXXXXXXXXX
March 25, 1998
Dear Sirs:
Re: “Qualified Farm Property” - Subsections 110.6(1) and 70(9)
We are writing to advise you of the following correction to our technical interpretation letter to you dated March 19, 1998 concerning the above subject matter.
Upon further review of our response we have noticed that the references on pages 5 and 6 to the children shall be deemed to have acquired the property “immediately before the death” should be read as the children shall be deemed to have acquired the property “at the time of the death”.
This change does not alter any of the views expressed in our letter.
We apologize for any inconvenience.
Roberta Albert, C.A.
for Director
Business and Publications Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
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