(a)…The provisions of subsection 248(36) do not apply to gifts acquired by reason of the death of an individual. Since…the property that is the subject of the gift by the taxpayer was acquired by reason of the death of an individual…the provisions of subsection 248(36) are not applicable. As the conditions in paragraph 248(37)(g) are satisfied, subsection 248 (35) does not apply.
Topics and taglines
Tagline
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
306848
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
344326
Extra import data
{
"field_editor_tags": [],
"field_roundtable_subquestion": "10",
"field_stub": false,
"field_legacy_header": "<a href=\"/?p=32019\">10 October 2014 APFF Roundtable, Q. 10, 2014-0538641C6 F</a> [s. 248(35) does not apply where gifted property previously was bequested on s. 70(6) rollover basis] (a) Would the exclusion in s. 248(37)(g) apply to property acquired under s. 70(6) on the death of a spouse or common law partner less than three years before the property gifted to a qualified donee? CRA responded (TaxInterpretations translation)"
}
"field_editor_tags": [],
"field_roundtable_subquestion": "10",
"field_stub": false,
"field_legacy_header": "<a href=\"/?p=32019\">10 October 2014 APFF Roundtable, Q. 10, 2014-0538641C6 F</a> [s. 248(35) does not apply where gifted property previously was bequested on s. 70(6) rollover basis] (a) Would the exclusion in s. 248(37)(g) apply to property acquired under s. 70(6) on the death of a spouse or common law partner less than three years before the property gifted to a qualified donee? CRA responded (TaxInterpretations translation)"
}