In general, the elected transfer price in an ITA 85(1) rollover will not serve as which of the following values?
A)The adjusted cost base of non-depreciable property transferred to the transferee.
B)The proceeds of disposition for the transferor.
C)The adjusted cost base of the consideration given to the transferor.
D)The capital cost of depreciable property transferred to the transferee.

Question

Quizplus · Accepted Answer

The elected transfer price in an ITA 85(1) rollover generally serves as the adjusted cost base for the transferee and the proceeds of disposition for the transferor, but not as the capital cost of depreciable property transferred to the transferee. The capital cost for depreciable property is determined by other rules.

In General, the Elected Transfer Price in an ITA 85(1)