Merideth Gray completed the following transactions in :
a She gave Derek Sheppard her husband common shares of Seattle Grace Hospital
Inc., a public company.
It had cost her $ per share.
When she gifted the shares to her spouse, they were valued at $ per share.
She gifts them to Derek at FMV
The shares pay an annual dividend of $ per share.
Be sure to go through if she were to stay in the rollover or opt out of the rollover.
b She gifts land to her daughter.
The value of the land when transferred was $
The land has a cost base of $
She intends of transferring the land at $
Required
For each scenario above, tell Merideth what ALL the tax implications are capital gains and any
attribution of income
