Question
Financial Year & CGT In June 2022, Mary entered into a contract to sell land with the contact was settled in October 2022. On the
Financial Year & CGT
In June 2022, Mary entered into a contract to sell land with the contact was settled in October 2022. On the other hand, Laurie owned a rental property that was destroyed in a fire in June 2022 and received a payment under an insurance policy in October 2022:
a) In which financial year must Mary declare her CGT?
b) When did the CGT event occur for Laurie?
Step by Step Solution
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Step: 1
aThe CGT event for Mary occurred in the 20222023 financial year b The CGT event for Laurie occurred in the 20212022 financial year Explanation aThe CG...
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Business Law Principles and Practices
Authors: Arnold J. Goldman, William D. Sigismond
9th edition
1133586562, 978-1285632995, 1285632990, 978-1285675367, 978-1133586562
