Multiple Choice
What is the basis of artistic works that have been gifted to another by the creator?
A) Artistic works are not capital assets for the creator or the recipient of the artistic works if given as a gift.
B) Artistic works are not capital assets for the creator but are capital assets in the hands of the recipient if the creator gave the artistic works as a gift.
C) Artistic works are capital assets to the creator if they are sold to an unrelated person.
D) Artistic works are capital assets if they were available for sale in an art gallery.
Correct Answer:
Verified
Correct Answer:
Verified
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