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Can you think of any collectables that you may own? 11.5 What CGT events apply to the following transactions: (a) You sell shares in BHP

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Can you think of any collectables that you may own? 11.5 What CGT events apply to the following transactions: (a) You sell shares in BHP for $5,000. (b) You receive $100,000 in return for signing a three-year contract to play AFL with the Brisbane Lions. (c) You sell your holiday home at Byron Bay for $750,000. (d) You sell your hairdressing salon for $200,000 and receive an additional $20,000 for agreeing not to open another salon within a 10km radius for the next three years. (e) You pay Shelby $50,000 for the option to purchase her hairdressing salon in three years' time. (f) In three years' time, you exercise the option to purchase Shelby's salon for $300,000. (g) You sell a diamond ring for $20,000. You paid $12,000 for the ring in 1984. 11.6 Dave Solomon is 59 years of age and is planning for his retirement. Following a visit to his financial adviser in March of the current tax year

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