752.0.10.20. Section 752.0.10.21 applies if(a) an option to acquire a property of an individual is granted to a qualified donee;
(b) the option is exercised so that the property is disposed of by the individual and acquired by the qualified donee at a particular time; and
(c) eitheri. the amount that is 80% of the fair market value of the property at the particular time is greater than or equal to the aggregate of(1) the consideration received by the individual from the qualified donee for the property, and
(2) the consideration received by the individual from the qualified donee for the option, or
ii. the individual establishes to the satisfaction of the Minister that the granting of the option or the disposition of the property was made by the individual with the intention to make a gift to the qualified donee.