Oa 061 00 Od Peter and his brother Paul hold mutual fund units in a joint account. The account is a joint tenancy with right of survivorship. Peter passes away. The net asset value of the utts the time of his death is higher than the tax cost What are the tax consequences for his share of the account? The Capital is reported in the tax return of Peter for the year of death The capital gains taxed in the hands of Paul The capital gain is taxed in the hands of Petersen There is no tax on the capital gan