Listed personal property (LPP) (line 9)

This is a type of personal-use property. The principal difference between LPP and other personal use properties is that LPP usually increases in value over time. LPP includes all or any part of any interest in, or any right to, the following properties:

• prints, etchings, drawings, paintings, sculptures, or other similar works of art
• jewellery
• rare folios, rare manuscripts or rare books
• stamps
• coins

To determine the value of many LPP items, you can have them appraised by a dealer. You can also refer to catalogues for the value of the properties.

Because LPP is a type of personal-use property, the capital gain or loss on the sale of the LPP item is calculated the same way as for personal-use property. For more information about these rules, see Personal-use property.

To determine if you have a LPP loss and for information on applying these losses to previous or future years, see Listed personal property (LPP) losses.

Completing your Schedule 3

Report dispositions of listed personal property on line 9 in Part 3 of Schedule 3. For dispositions in Period 1, enter the net gain only on line 10698. For dispositions in Period 2, enter the net gain only on line 15900.

Forms and publications

• Schedule 3, Capital Gains or Losses
• Guide P113, Gifts and Income Tax

Related topics

• Line 34900 – Donations and gifts