• Active assets

    Prior to 1 July 2006

    From 1 July 2006

    From 1 July 2007 to 23 June 2009

    From royal assent 23 June 2009

    An asset that has a predominant rental use and a minor business use may qualify as an active asset if the minor business use is undertaken by an affiliate or an entity connected with the taxpayer, but the rental use is by an entity that is neither an affiliate nor an entity connected with the taxpayer owning the asset.

    No change

    No change

    All the uses of the asset (except certain personal use and certain uses from which interest, annuity, rent, royalty or foreign exchange gains are derived) are considered in determining what its main use is and, therefore, whether it is an active asset.

      Last modified: 21 Jun 2016QC 21145