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Although the term 'CGT asset' is broadly defined in ITAA1997 s108-5, many CGT assets are exempt from capital gains tax. Give three examples of assets

Although the term 'CGT asset' is broadly defined in ITAA1997 s108-5, many CGT assets are exempt from capital gains tax.

Give three examples of assets that are exempt from the operation of capital gains tax and explain why they are exempt.

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