[Tolerance Sucks Rocks]

Please see #5.

The current way of doing it may seem inaccurate, but it’s certainly a lot simpler than trying to guess the value that the deceased added to the inherited possessions.

[Alberta's Child]

You're looking at a specific example involving a personal residence. That seems to be one of the few cases where improvements to an asset have been made over a long period of time, and with little or no documentation available today.

I have a background in real estate investing, and I could work around those challenges without much effort at all.

If the proposed capital gains "reset" tax is imposed, you'd simply have a huge incentive for Grandma to sell the house BEFORE she dies -- maybe even to family members at a steeply discounted price. Voila! -- you've eliminated any concerns about improvements dating back decades and reset the value for future capital gains tax purposes in one fell swoop.