Is there any tax on commercial property giving away? (Alberta)

[ianou76]

A quick question,

If my brother gives me his commercial property here in Calgary, i.e., a $300,000 commercial bay, will there be any tax on the transfer?






Thanks!

 

[Thomas Beyer]

QUOTE (ianou76 @ Apr 6 2010, 11:41 PM) A quick question,

If my brother gives me his commercial property here in Calgary, i.e., a $300,000 commercial bay, will there be any tax on the transfer?
someone pays taxes .. he now .. or you later if you chose a rollover !

Pick one !