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Canada Leanne gifts a piece of land to her brother for no proceeds. She paid $30,000 for the land and it has a value of
Canada Leanne gifts a piece of land to her brother for no proceeds. She paid $30,000 for the land and it has a value of $50,000. What is the taxable capital gain or loss that Leanne will realize on the gift?
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Advanced Financial Accounting
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
6th edition
013703038X, 978-0137030385
