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    Exemption from capital gains tax as a gift

    Rule

    Transferring property as a gift to a relative is not a tax event. The recipient of the gift steps into the shoes of the giver.

    exceptional

    A gift to a person who is not a relative may be considered a sale and subject to capital gains tax on the value.

    Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.