5.2.3. Donation of inherited work
A donor inherits a work of art valued at $1,500. Two years later, she donates the work to a registered charity. Before donating the artwork, the donor has it appraised at a value of $2,000.
In addition to the information mentioned above, the charity must supply the following information on the receipt:
- A description of the received goods;
The name and address of the appraiser, if applicable.