Mrs. Sylvia Lambert, a management consultant, is married with two children. Her son, Brody, is 27 years old, and her daughter, Manjusha, is 13. Mrs. Lambert has not previously gifted nor sold property to her spouse or either of her children.\ View the property information.LOADING...\ Mrs. Lambert is considering gifting all or part of the properties to her spouse and/or her two children. Assume that (1) each property is sold two years after being gifted for $ 50 comma 200 more than its FMV at the time of the gift, (2) no CCA will be claimed on the rental property once it has been gifted, and (3) the TOSI rules do not apply to any of the property transfers.\ Read the requirements.LOADING...\ Question content area bottom\ Part 1\ Requirement A. The property is gifted to her spouse, and she does not elect to avoid the ITA 73(1) rollover. (Round your answers to the nearest dollar.)\ Determine the tax consequences of the shares of Lambert Consulting Ltd.\ The shares in Lambert Consulting Ltd. could be gifted to Mr. Lambert with \ increased tax liability.\ The ACB for these shares would \ increase.\ Any dividends received by the spouse would \ be attributed back to Mrs. Lambert.\ Part 2\ Calculate the taxable gain that would be attributed to Mrs. Lambert if Mr. Lambert subsequently sells these shares for $ 50 comma 200 more than their FMV.\ POD\ ACB\ \ Capital gain\ \ Inclusion rate\ (1 -: 2)\ Taxable capital gain\ \ \ Part 3\ Determine the tax consequences of the rental property.\ The rental property could be gifted to Mr. Lambert with \ \ decreased tax liability.\ increased tax liability.\ no change in tax liability.\ The ACB and tax attributes of the building would \ \ decrease.\ not change.\ increase.\ Any rental income or loss received by the spouse would \ \ be attributed back to Mrs. Lambert.\ not be attributed back to Mrs. Lambert.\ Part 4\ Calculate the recaptured CCA from the rental property.\ Capital Cost\ \ UCC\ \ Recaptured CCA\ \ \ Part 5\ Next, calculate the taxable capital gain on the rental property.\ POD\ \ ACB\ \ Capital gain\ \ Inclusion rate\ (1 -: 2)\ Taxable capital gain\ \ \ Part 6\ Determine the tax consequences of the shares of Dover Inc.\ The shares in Dover Inc. could be gifted to Mr. Lambert with \ \ decreased tax liability.\ increased tax liability.\ no change in the tax liability.\ The ACB for these shares would \ \ not change.\ decrease.\ increase.\ Any dividends received by the spouse would \ \ not be attributed back to Mrs. Lambert.\ be attributed back to Mrs. Lambert.\ Part 7\ If Mr. Lambert subsequently sells these shares for $ 50 comma 200 more than their FMV, what taxable gain would be attributed to Mrs. Lambert?\ POD\ \ ACB\ \ Capital gain\ \ Inclusion rate\ (1 -: 2)\ Taxable capital gain\ \ \ Part 8\ Determine the tax consequences of the shares of the farm land.\ The farm land could be gifted to Mr. Lambert with \ \ decreased tax liability.\ increased tax liability.\ no change in tax liability.\ The ACB for these shares would \ \ increase.\ decrease.\ not change.\ Any farm income received by the spouse would \ \ be attributed back to Mrs. Lambert.\ not be attributed back to Mrs. Lambert.\ Part 9\ If Mr. Lambert subsequently sells these shares for $ 50 comma 200 more than their FMV, what taxable gain would be attributed to Mrs. Lambert?\ POD\ \ ACB\ \ Capital gain\ \ Inclusion rate\ (1 -: 2)\ Taxable capital gain\ \ \ Part 10\ Requirement B. The property is gifted to her spouse, and she elects to avoid the ITA 73(1) rollover. (Round your answers to the nearest dollar.)\ Determine the tax consequences of the shares of Lambert Consulting Ltd. Calculate the immediate taxable capital gain.\ FMV\ \ ACB\ \ Immediate capital gain\ \ Inclusion rate\ (1 -: 2)\ Immediate taxable capital gain\ \ \ Part 11\ If Mr. Lambert subsequently sells the shares for $ 50 comma 200 more than their FMV, what is the resulting taxable capital gain?\ POD\ \ FMV\ \ Capital gain\ \ Inclusion rate\ (1 -: 2)\ Taxable capital gain\ \ \ Part 12\ Answer the following questions:\ What is Mr. Lambert's ACB?\ \ Would dividends received by the spouse be attributed back to Mrs. Lambert?\ \ \ Part 13\ Determine the tax consequences of the rental property. Calculate the immediate taxable capital gain.\ FMV\ \ ACB\ \ Immediate capital gain\ \ Inclusion rate\ (1 -: 2)\ Immediate taxable capital gain\ \ \ Part 14\ Calculate the recaptured CCA from the rental property.\ Capital Cost\ \ UCC\ \ Recaptured CCA\ \ \ Part 15\ If Mr. Lambert subsequently sells the building for $ 50 comma 200 more than its FMV, what is the additional taxable capital gain?\ POD\ \ FMV\ \ Additional capital gain\ \ Inclusion rate\ (1 -: 2)\ Additional taxable capital gain\ \ \ Part 16\ Answer the following questions:\ What is Mrs. Lambert's ACB?\ \ Would the additional taxable capital gain be attributed back to Mrs. Lambert?\ \ \ Part 17\ Determi