E1.1204 Exemption

E1.1204 Exemption

The SIPO provisions do not apply in the following circumstances.

A. The capital amount is obtained from the disposal of assets (including goodwill) of a profession or vocation or the disposal of a share in a partnership carrying on a profession or vocation, and the value of what is disposed of is attributable to the value of the profession or vocation as a going concern1.

B. The capital amount is obtained from the disposal of shares in a company, where the value of what is disposed of is attributable to the value of the company's business as a going concern;

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