Section 43 : Transfer of property to husband, wife or former husband, wife

If any natural person who is a divorcee or lives apart upon having partition share disposes of property by transferring it to her husband, his wife or former husband, wife, and that husband, wife or former husband, wife makes a choice in writing to have this Section enforced, the following provisions shall apply:

(a) That person shall be deemed to have obtained, for disposal, the amount equal to the net expenses incurred immediately before the disposal and

(b) The person who has acquired the property through transfer shall be deemed to have incurred cost in a sum equal to clause (a).