Dispositions - Absence of consideration

NO: IT-460 DATE: October 6, 1980 SUBJECT: INCOME TAX ACT Dispositions – Absence of Consideration REFERENCE: Paragraphs 13(21)(c) and 54(c) (also paragraphs 13(21)(d) and 54(h)) 1. A disposition can generally be regarded as an event or transaction where possession, control and all other aspects of property ownership are relinquished. Although there is usually a corresponding acquisition […]