[croemer]

There might be special exemptions, but in general what matters for transfer to employees is market value. Legally speaking, see e.g. this Irish documentation (first to show up in my Google search): "You might choose to give your employee an asset which has depreciated in value. Where this occurs the value of the benefit is the market value of the asset on the date of the gift." https://www.revenue.ie/en/employing-people/benefit-in-kind-f... Same thing in Canada and UK, 3 out of 3 countries all do it that way (in general, Canada has up to 500$ exemption): "When gifting capital property to an employee (or anyone else for that matter), the proceeds of disposition for bookkeeping purposes is recorded as zero dollars. This, however, is not how the transaction is treated for tax purposes by the Canada Revenue Agency (CRA). This is because, the CRA sees the gifting of assets as have being sold for fair market value." https://www.koroll.ca/koroll-and-company-blog/the-tax-implic...