Is this capital gains? Not my principal residence, removed my name from title when my daughter married and put her husbands name on?

[brendaneilq]

I never lived in the residence, only my daughter. My name was on title and mortgage joint with her, she paid both monthly mortgage and property taxes. When she married, I had my name removed and her husband's name put on for the monetary amount of $1 

[TurboTax-Terry]

It would be considered a disposition for tax purposes. You could claim the proceeds and ACB as the same amount to record the net transfer to your son-in-law.

[Spirit61]

What are the tax implications for removing an individual's name from the title to a property when the property is not the person's primary residence and does not own another but is renting?