Each of the following independent cases involve gratuitous contributions of property to trusts by an individual. Two of the cases also involve capital distributions from trusts to capital beneficiaries.A$.$

A transfer of depreciable property is made to establish an inter vivos trust in favour of the$$ settlor's adult children. The capital cost of the property to the settlor was $ $23$ comma $500.$ On the date of the$$ transfer, the UCC was $ $15$ comma $800,$ and the FMV was $ $26$ comma $200.$

B$.$

A transfer of depreciable property is made to establish an inter vivos trust in favour of the$$ settlor's adult children. The capital cost of the property to the settlor was $ $19$ comma $200.$ On the date of the$$ transfer, the UCC is $ $12$ comma $700,$ and the FMV is $ $15$ comma $100.$Later$,$ when the property is distributed to a capital$$ beneficiary, the UCC is $ $13$ comma $400,$ and the FMV is $ $18$ comma $000.$

C$.$

A contribution of$$ non$-$depreciable capital property is made to establish a qualifying spousal testamentary trust. The ACB of the property to the deceased spouse was $ $18$ comma $400,$ and the FMV is $ $76$ comma $200.$ At the time of$$ death, the deceased individual had a net capital loss balance of $ $91$ comma $400.$

D$.$

A transfer of$$ non$-$depreciable capital property is made to establish an inter vivos trust in favour of the$$ settlor's adult children. The ACB of the property to the settlor is $ $85$ comma $000,$ and the FMV is $ $123$ comma $900.$

E$.$

A transfer of$$ non$-$depreciable capital property is made to establish an inter vivos trust in favour of the$$ settlor's adult children. The ACB of the property to the settlor was $ $43$ comma $900,$ and the FMV is $ $51$ comma $500.$Later$,$ when the FMV of the property has increased to $ $61$ comma $100,$ the property is distributed to one of the adult$$ children, who is a capital beneficiary.

F$.$

Capital property is contributed to establish an alter ego trust. The ACB of the property is $ $14$ comma $300,$ and the FMV is $ $23$ comma $700.$

pop$-$up content endsFor each$$ case, indicate the$$ following:

$1.$

The income tax consequences to the settlor that result from the contribution of property to the$$ trust, assuming the optimum transfer price$($POD$)$ to the settlor.

$2.$

The tax cost of the property to the trust.

$3.$

In those cases where property is distributed to a capital$$ beneficiary, the income tax consequences to the trust and the tax cost of the property to the beneficiary.