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Jane and Jill Barnes are both joint owners of a property valued $8,500,000. Jill is desirous of giving her undivided half share to John. The

Jane and Jill Barnes are both joint owners of a property valued $8,500,000. Jill is desirous of giving her undivided half share to John. The current market value of the property is $12,000,000 Would Capital Gains be applicable? If yes how much? If no give reasons for your

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