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An inter-vivos trust is approaching its 21st anniversary. The trust owns investment properties that cost $200,000 and have a current market value of $250,000. The

An inter-vivos trust is approaching its 21st anniversary. The trust owns investment properties that cost $200,000 and have a current market value of $250,000. The trust can avoid tax on the 21st anniversary deemed disposition by transferring the property at cost base to the trust beneficiary. Is this statement true or false? Group starts

True or False

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