i. the trust’s gain calculated in accordance with section 271 on the assumption that(1) the trust disposed of the property on 31 December 2016 for proceeds of disposition equal to its fair market value on that date, and
(2) paragraph a did not apply in respect of the disposition described in subparagraph 1, and
ii. the trust’s gain in respect of the disposition calculated in accordance with section 271 on the assumption that(1) subparagraph i of subparagraph b of the second paragraph of section 271 is read without reference to “one plus”, and
(2) the trust acquired the property on 1 January 2017 at a cost equal to the proceeds of disposition determined under subparagraph 1 of subparagraph i.