What Is the Basis of Artistic Works That Have Been

question 57

Multiple Choice

What is the basis of artistic works that have been gifted to another by the creator?

• A)Artistic works are not capital assets for the creator or the recipient of the artistic works if given as a gift.
• B)Artistic works are not capital assets for the creator but are capital assets in the hands of the recipient if the creator gave the artistic works as a gift.
• C)Artistic works are capital assets to the creator if they are sold to an unrelated person.
• D)Artistic works are capital assets if they were available for sale in an art gallery.

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