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Anh received the following insurance payout this year. Cost base $ 4,000 (assets stolen) Policy payment Payout $ Home contents 5,000 insurance for personal assets
Anh received the following insurance payout this year. Cost base $ 4,000 (assets stolen) Policy payment Payout $ Home contents 5,000 insurance for personal assets stolen Trauma insurance after 25,000 suffering a heart attack Income protection 50,000 insurance while recovering & unable to work 5,000 (premiums paid) Nil (deductible premiums) How much is her net capital gain disregarding any discounts ? NIL 550.000 $1.000 $20.000
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