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5P Question 2 Select the correct CGT consequence, meaning will the event give rise to CGT even or not? Alisha is a client of yours
5P Question 2 Select the correct CGT consequence, meaning will the event give rise to CGT even or not? Alisha is a client of yours who sold some of her art collection by some artists. It consisted of the following artistic works: v A painting purchased in December 1995 for $55,000. She sold the A. No, ignore any capital gain or loss. painting on 10 December of the current tax year for $45,000. B. Yes, a CGT even has happened and capital gain/loss needs An antique purchased in June 1989 for $20,000. She sold it on 1 calculated. January of the current tax year for $25,000. A sculpture purchased in April 1983 for $17.000. She sold the sculpture on 1 July of the current tax year for $29.000. A stamp collection purchased in June 1977 for $300. She sold it on 10 December of current tax year for $3,000. An antique purchased in 15 September 1985 for 5600. She sold it on 23 May of the current tax year for $25.000 1 ks Moving to the next question prevents changes to this answer. ne Hemic Integrity: All students are expected to complete the online Academic Integrity Module (AIM) Activate w CAS Google C... hp
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