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UPDATE January 9, 2017: This no longer represents the position of the PNO, see Informal Interpretation 17010004 Agree

Agree

#1. (i) refer to comment #1 (ii) yes last statement No. #2 Yes #3 No. #4 Correct #5 refer to commentComment: parking lots/office space acquired in conjunction with a business was not exempt under 802...

Refer to staff comments.

This is not an 801.40 analysis. We would treat this as a "consolidation"' Company A is deemed to have acquired all of the assets of partnership B and partnership B is deemed to have acquired all of...

Company A acquiring partnership B: - 100% interests - look through to underlying assets - minority interest - exempt regardless of underlying assets Partnership B acquiring Company A - minority or...

Agree

Concur

Concur

Assets which do not constitute an entity.

If it is purely a marketing/distribution license, it is not considered the acquisition of an assets, even if it is exclusive.