Words and Phrases - "new"

a
85
b
44
c
76
d
50
e
38
f
31
g
18
h
14
i
72
j
2
k
2
l
32
m
55
n
25
o
38
p
79
q
3
r
76
s
89
t
46
u
15
v
9
w
22
y
2

4 April 2003 Internal T.I. 2003-0004387 F - OUTIL ADMISSIBLE APPRENTI MECANICIEN

Summary Under
Tax Topics - Income Tax Act - Section 8 - Subsection 8(6) - Paragraph 8(6)(b) - Subparagraph 8(6)(b)(ii)
tool that is resold without being used qualifies as “new” to the purchaser

Regarding whether s. 8(6)(b)(ii) was satisfied where the tool was acquired from another person who has never used it, the Directorate stated:

[I]n...

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Words and Phrases
new