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(7) On 1 November 1992 Nelang had a nice home in sydrey and also acquired a second-hand Yacht for $95557. Mary bomowed & 821000 of

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(7) On 1 November 1992 Nelang had a nice home in sydrey and also acquired a second-hand Yacht for \$95557. Mary bomowed \& 821000 of the money from xyz bank to buy the Yacht. The loan was a figed interest loan on wohich Marry paid interest of $45,000. Many sold the Yacht in september 2020 for $161,000. Requined: calculate the indexed cost base for Cipital Gains Tax purposes (ANS: 109222) Given A Y atch if a persond UCD asset so no ownership carts ceg. interest) can be included in cost base. The discount nothod applies $161,000$95,557=$65,443of50%sep68.7/Nov.598=1.148(95557+82,000)1.148=203,836

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