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A taxpayer sold a property in June 2020 for $99000, The property was purchased in Feb 1987 for $35000. 2 Months later in April, he
A taxpayer sold a property in June 2020 for $99000, The property was purchased in Feb 1987 for $35000. 2 Months later in April, he also paid incidental cost on acquisition of $2200. He extended the roof in 15 Sep 1992 for $10,100. Every year he pays council fees and mortgage interest of $1000 and $450 respectively
Determine the CGT for the property sold
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