Calculations A and B

1. FMV of the building when you disposed of it

2. FMV of the land just before you disposed of it

3. Line 1 plus line 2

4. Seller's adjusted cost base of the land

5. Total capital gains (without reserves) from any disposition of the land (such as a change in use) by you, or by a person not dealing at arm's length with you, in the three-year period before you disposed of the building, to you or to another person not dealing at arm's length with you

6. Line 4 minus line 5 (if negative, enter "0")

7. Line 2 or line 6, whichever amount is less

8. Line 3 minus line 7 (if negative, enter "0")

9. Cost amount of the building just before you disposed of it

10. Capital cost of the building just before you disposed of it

11. Line 9 or line 10, whichever amount is less

12. Line 1 or line 11, whichever amount is more

Deemed proceeds of disposition of the building

13. Line 8 or line 12, whichever amount is less (enter the amount from line 13 in column 3 of Area E and include it in column 5 of Area A)

Deemed proceeds of disposition of the land

14. Proceeds of disposition of the land and building

15. Amount from line 13

16. Line 14 minus line 15 (enter this amount at line 9924 of Area F)

If you have a terminal loss on the building, include it at line 9948 – Terminal loss.

1. Cost amount of the building just before you disposed of it

2. FMV of the building just before you disposed of it

3. Line 1 or line 2, whichever amount is more

4. Actual proceeds of disposition, if any

5. Line 3 minus line 4

6. Amount from line 5

7. Amount from line 4

Deemed proceeds of disposition for the building

8. Line 6 plus line 7 (enter this amount in column 3 of Area E and include it in column 5 of Area A)

If you have a terminal loss on the building, include it at line 9948 – Terminal loss.