Identical property is property that is identical in every respect to another property (for example, the properties belong to the same type or class of property or they confer the same rights on their holder). The term “identical property” is also used to designate the right to acquire this other property.
Shares of the capital stock of a SIFT wind-up corporation in respect of a SIFT wind-up entity that were acquired before 2013 are deemed to be property that is identical to interests that are an investment in the SIFT wind-up entity.
An entity that, during the period beginning on October 31, 2006, and ending on July 14, 2008, is:
- a SIFT trust (including a trust that is a transitional SIFT);
- a SIFT partnership (including a partnership that is a transitional SIFT);
- a real estate investment trust.
A trust (or partnership) that had the characteristics of a SIFT trust (or of a SIFT partnership) on October 31, 2006.