30 October 89 T.I. (March 1990 Access Letter, ¶1159)

RC is not in the practice of applying s. 47(1) in the situation where a taxpayer purchases his wife's 1/2 interest in their condominium.

Where a condominium was purchased solely out of the funds of the husband but was held in joint tenancy with his wife, any capital gain or loss...

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