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In 2015, Tony purchased a vacation property in his sole name in Kelowna. The initial investment was $300,000 and currently the fair market value of
In 2015, Tony purchased a vacation property in his sole name in Kelowna. The initial investment was $300,000 and currently the fair market value of the property is $550,000. This year he has decided to transfer half the ownership of the property to his son Zachary. Calculate the taxable capital gain that Tony will incur on the transfer?
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Kenya taxes capital gains on the transfer of property but there is an exception for transfers betwee...
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South Western Federal Taxation 2017 Comprehensive
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
40th Edition
1305874161, 978-1305874169
