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This enactment amends the Cultural Property Export and Import Act
by
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(a) extending the circumstances under which the Canadian Cultural
Property Export Review Board may redetermine the fair market
value of gifts and proposed gifts of cultural property; and
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(b) providing for appeals to the Tax Court of Canada from
redeterminations and certain determinations by the Canadian
Cultural Property Export Review Board, on or after January 1, 1992,
of the fair market value of gifts of cultural property.
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This enactment also makes consequential amendments to the
Income Tax Act and the Tax Court of Canada Act.
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