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: what does term vessel mooring space mean?
Position: water area as well as permanent chains anchors and dock space
Reasons: dictionary definition
XXXXXXXXXX 990588
S. Tevlin
Attention: XXXXXXXXXX
November 5, 1999
Dear Sirs:
Re: "Vessel Mooring Space" - Regulation 1100(1.13)(a)(vii) of the Income Tax Act
We are writing in response to XXXXXXXXXX facsimile dated March 5, 1999 wherein he requested our opinion with respect to the meaning of the undefined term "vessel mooring space" in Regulation 1100(1.13) of the Income Tax Act.
In this regard we offer the following comments. The dictionary meaning of the word moor as a verb is, "attach (boat or other floating thing) to fixed object". The noun "mooring" means, "permanent anchors and chains laid down for ships to be moored to; what a floating object is moored to". The dictionary definition expands that to include "place where vessel is moored".
It is therefore our opinion that considering the plain meaning of the term "vessel mooring space" one would include the immediate water area as well as any permanent chains, anchors and dock space required to accommodate the vessel.
We trust our comments will be of assistance to you.
The foregoing comments are given in accordance with the practice referred to in paragraph 22 of IC-70-6R3 and are not binding on the Canada Customs and Revenue Agency.
Yours truly,
Paul Lynch
for Director
Resources, Partnerships and Trusts Division
Income Tax Rulings and Interpretations Directorate
Policy and Legislation Branch
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