Words and Phrases - "mine"

a
88
b
44
c
80
d
54
e
38
f
31
g
20
h
14
i
74
j
2
k
2
l
32
m
56
n
25
o
38
p
81
q
3
r
77
s
90
t
47
u
16
v
9
w
23
y
2

Avril Holdings Ltd. v. Minister of National Revenue, 70 DTC 6366, [1970] CTC 572, [1971] S.C.R. 601

Summary Under
Tax Topics - Income Tax Regulations - Schedules - Schedule V

The reference to "mine" in Schedule E to the pre-1972 Act was not restricted to mining rights but included ownership of the land in which the mining was conducted. Accordingly, a disposition of land following a prior disposition of the related mining rights gave rise to recapture of depreciation, i.e., an argument that the Schedule should be interpreted as referring only to mineral rights was rejected.

Words and Phrases
mine
Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 13 - Subsection 13(21) - Proceeds of Disposition proceeds of disposition not reduced to reflect that debentures received had a lower FMV that their principal amount 66
Tax Topics - Income Tax Act - Section 54 - Proceeds of Disposition - Paragraph (a) proceeds of disposition based on face amount rather than FMV of debentures received therefor 66