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Adik Abang, a resident taxpayer, disposed of the following assets during the year ended 30 June 2020: Adik Abang has capital losses carried forward from
Adik Abang, a resident taxpayer, disposed of the following assets during the year ended 30 June 2020: Adik Abang has capital losses carried forward from 2018/2019 of $4,000 on collectables and $5,000 on shares. Required Calculate Adik Abangs minimum net capital gain for the year ended 30 June 2020 and capital losses, if any, to be carried forward to 2020/2021. (12 marks)
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