Discuss the CGT consequences for Leonie selling the 2 houses.
You are not required to discuss the 50% CGT discount, or to calculate the overall net capital gain (4 marks).
Leonie inherited the following assets from her father in February 2019:
 
 -An investment property (House A) purchased by her father in February 1984. In her father's hands, the cost base was $50 000. Market value during February 2019 was $800 000.
 -An investment property (House B) purchased by her father in January 2000. In her father's hands, the cost base was $350 000. Market value during February 2019 was $700 000.Leonie makes the following sales:
 
 -House A: sold in March 2021 for $950 000
 -House B: sold in January 2021 for $750 000Use Aus Income Tax Law