Section 1239 (Relating to the Sale of Certain Property Between

question 160

Multiple Choice

Section 1239 (relating to the sale of certain property between related taxpayers) does not apply unless the property:

• A) Was depreciated by the transferor.
• B) Is depreciable in the hands of the transferee.
• C) Is a capital asset.
• D) Is real property.
• E) None of the above.

---

Definitions:

Charter of Rights and Freedoms

A foundational document in Canada that guarantees fundamental freedoms and rights to all Canadians, ranging from freedom of expression to the right to a fair trial.

Stereotypical Attitudes

Oversimplified and generalized views or beliefs about a particular group of people or things.

Involuntary Hospitalization

The act of admitting an individual to a healthcare facility without their consent, typically because they pose a risk to themselves or others.

Unable to Consent

Describes a state where an individual is not capable of giving informed agreement to participate in an activity, often due to factors like age, mental capacity, or intoxication.