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Evan Yates, an Australian resident, exchanged contracts for the acquisition of an investment property in Cams makanan 1999. paying a deposit of $50,000. Property settlement

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Evan Yates, an Australian resident, exchanged contracts for the acquisition of an investment property in Cams makanan 1999. paying a deposit of $50,000. Property settlement was deferred until 5 December 2001, when the balance of 5750.000 was paid. title transferred and his same were as the registered proprietor. At the time of settlement, the market value of the property was 5920.000. He sold the property on 24 August 2019 for $1.5 million. Required Advise Evan of the CGT consequences regarding the timing of the CGT events (why is this important, and apply the date of the CGT event to case), and what CGT calculation methods are available (You are NOT required to calculate net capital gain for him)

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