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 Sirs:
Re: Statutory Authority in a Foreign Jurisdiction Subparagraphs 13(21)(d)(iv) and 54(h)(iv)
This is in reply to your letter of August 8, 1991 wherein you request our views whether the expropriating authority of a foreign government could be considered a "statutory authority" for purposes of subparagraphs 13(21)(d)(iv) and 54(h)(iv) of the Income Tax Act (the Act). The property involved is a rental property in a foreign jurisdiction.
We agree that for purposes of subparagraphs 13(21)(d)(iv) and 54(h)(iv) of the Act the expropriating authority of a foreign government could be considered a "statutory authority".
The foregoing represents our general views with respect to the subject matter of your letter, however, the facts of a particular situation may result in a different conclusion. As indicated, these opinions are not rulings and in accordance with the guidelines set forth in paragraph 21 of Information Circular 70-6R2 they are not binding on the Department.
We trust our comments will be of assistance to you.
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© Her Majesty the Queen in Right of Canada, 1991
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© Sa Majesté la Reine du Chef du Canada, 1991
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