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~ dlaiming. capital ‘cost: -allow- ‘held: primarily: for itsi income-
ances ‘if. such.-claims: would _ . producing potential, may. not
- - create a-net ‘rental loss. from." ‘be _ deducted. currently:
om - . @ii-rental real’ estate owned |
. Changes i in nthe i income e tax” by them. _
regulations in 1972-no longer... voce ee

‘permitted :real: estate: inyes- The. provision in ‘the
tors to create a3 inet ‘rental’ loss’ Income Tax Act wh ich denies -
capital Soost,.. 2: current - ‘deductio for.

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“ahr ih ate of. capital:
“ cost allows :

striction. ;

"Thus: there has been: an. =
. increased interest in invest-°: ae
ment in motion picture films, interest. and ‘property {
_ video tapes, aircraft. and .a -on, vacant land has. been
variety o! of other rental assets.  modified-and is extended: to
' real: estate. developers and *
__ traders
An an attempt to revive the’

1974; ‘that’ he: ‘proposed to
. provide some. tax relief for
real-estate: investors - who.
acquired: new apartment
“t. properties . started. between
November... 38... 1974  tand:

" “OFFERING TRANQUIL EI ee
HOUR'S EASY DRIVE FROM VANOUVER. |

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|e “AROUND ND ENJO A COFFEE.

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