This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.
End of attention
You can qualify for this exemption if you have an interest consisting of shares in a publicly listed company whose activities are connected with commercial real property. The following requirements must be satisfied.
You hold shares in the company of a class listed on any stock market of a stock exchange approved in regulation 152N, Schedule 12 of the Regulations. See Appendix 1: Approved stock exchanges for more information.
The class of shares you hold in the foreign company must be widely held and actively traded on a regular basis on a stock market of an approved stock exchange during the period in which the exemption applies. [section 511]
Last modified: 27 May 2005QC 17512