Deemed capital gains for repurchase of specified investment units, taxed in the year of repurchase or plan termination. The amendment deems the difference between the repurchase price of specified investment units and their capital value to be capital gains in the year of ... Summary
Deemed capital gains for repurchase of specified investment units, taxed in the year of repurchase or plan termination.
The amendment deems the difference between the repurchase price of specified investment units and their capital value to be capital gains in the year of repurchase or plan termination, with "capital value" defined as the amount invested by the assessee in those units, and requires taxation of such gains in that year.
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