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.
Dear XXX:
This is in reply to your letter of October 19, 1982 concerning the dollar value of consideration to be taken back by a taxpayer on a rollover of capital property to a related corporation pursuant to the provisions of subsection 85(1) of the Act.
In order to avoid the application of paragraph 85(1)(e.2) of the Act to the above sale the fair market value of the consideration taken back by the taxpayer must be equal to the fair market value of the capital property purchased by the corporation. The fair market value of the property must be established, using acceptable principles of valuation. In our view, the potential tax liability inherent in capital property being transferred on a rollover basis should not be reflected in the valuation of the property transferred unless the transferred property is to be disposed of by the transferee corporation shortly after the rollover and thus the tax liability is imminent and can be calculated with certainty.
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© Her Majesty the Queen in Right of Canada, 1982
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1982
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