NALT of non-depreciable property

Question 1

Seller’s POD if transfer at FMV?

Answer 1

FMV

Question 2

Buyers ACB if transfer at FMV?

Answer 2

FMV

Question 3

Seller’s POD if transfer at >FMV?

Answer 3

Actual proceeds

Question 4

Buyer’s ACB if transfer at >FMV?

Answer 4

FMV (think: more future c/g)

Question 5

Seller’s POD if transfer at <FMV?

Answer 5

FMV (think: more c/g now)

Question 6

Buyer’d ACB if transfer at <FMV?

Answer 6

Actual proceeds

Question 7

Seller’s POD if transfer at nil/gift?

Answer 7

FMV

Question 8

Buyer’s ACB if transfer at nil/gift

Answer 8

FMV

Question 9

Seller’s POD if transfer at nil/gift to spouse?

Answer 9

ACB

Question 10

Buyer’s ACB if transfer at nil/gift to spouse?

Answer 10

ACB