a) List two conditions that are necessary for the amalgamation rollover of ITA 87 to apply....

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a) List two conditions that are necessary for the amalgamation rollover of ITA 87 to apply. [3 points] b) Both ITA 87, Amalgamations, and ITA 88(1), Wind-Up of a 90% owned subsidiary, provide for a bump-up in the tax cost of certain property. Describe the two basic limitations on the amount of this bump-up. [4 points] c) In general, the purchaser of a corporate business would prefer to purchase the business assets rather than the shares of the corporation. Provide three reasons for this preference. [5 points] a) List two conditions that are necessary for the amalgamation rollover of ITA 87 to apply. [3 points] b) Both ITA 87, Amalgamations, and ITA 88(1), Wind-Up of a 90% owned subsidiary, provide for a bump-up in the tax cost of certain property. Describe the two basic limitations on the amount of this bump-up. [4 points] c) In general, the purchaser of a corporate business would prefer to purchase the business assets rather than the shares of the corporation. Provide three reasons for this preference. [5 points]

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a The two conditions that are necessary for an amalgamation rollover of the ITA87 to apply are 1The ... View the full answer