When you transfer residential land as part of a relationship property settlement, it is treated as if you sold the land. You are considered to have sold the land for the total cost you paid for it. The person you transfer the land to is treated as if they bought the land on the same date you originally acquired it, for the purposes of sections CB 6A, CB 16A, CZ 39, and CZ 40, and Part D of the Income Tax Act. The transfer is treated as a disposal and acquisition for an amount that equals the total cost of the residential land to you at the date of transfer. The person you transfer the land to is treated as having acquired property in the residential land on the relevant date, for your acquisition, in sections CB 6A and CZ 39.