SETTLEMENT LANDS AND DEPRECIABLE PROPERTY Acquisition. 11.4.1 The cost of acquisition to a participant or to a designated Gwich’in organization of any real property acquired under this agreement, other than depreciable property, transferred to the participant or designated Gwich’in organization by the Government of Canada pursuant to this agreement shall, for the purposes of the Tax Act, be deemed to be an amount equal to the fair market value thereof at the earlier of the time that title to such property is registered in the name of the participant or such organization and the time that any right or interest in such property is acquired by the participant or such organization.
SETTLEMENT LANDS AND DEPRECIABLE PROPERTY Acquisition. 11.4.1 The cost of acquisition to a participant or to a designated Sahtu organization of any real property acquired under this agreement, other than depreciable property, transferred to the participant or designated Sahtu organization by the Government of Canada pursuant to this agreement shall, for the purposes of the Tax Act, be deemed to be an amount equal to the fair market value thereof at the earlier of the time that title to such property is registered in the name of the participant or such organization and the time that any right or interest in such property is acquired by the participant or such organization. Disposition
