Page 41 - CAPITAL GAINS TAX

 When an asset is disposed of by a spouse

who is married in community of property,

and that asset falls within the joint estate of

the spouses, the disposal is treated as having

been made in equal shares by each spouse.

 However, if the asset in question was

excluded from the joint estate of the

spouses, the disposal is treated as having

been made solely by the spouse making the

disposal.

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