What are the CCA deduction limitations with respect to renewable energy property?
Subject to the exceptions described in question 8 below, under the “specified energy property rules” CCA on renewable energy property is limited to the net income from the property or the business of selling the energy generated by the property. CCA cannot be used to create or increase a loss from a renewable energy property.
Related Questions
- Is there deduction of stamp duty in respect of sale deed relating to property executed in favour of mortgage of the same property?
- How is the deduction available to the notified beneficiary or unit holder in respect of the trust land calculated?
- What limitations are placed on a debtor’s right to use, sell, or lease its property during a Chapter 11 case?
