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Gordon has provided you, his tax adviser, with the following information: He sold his home in Parkville for $3 million. He had purchased the house

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Gordon has provided you, his tax adviser, with the following information: He sold his home in Parkville for $3 million. He had purchased the house for $1 million 5 years ago. Gordon has always lived in his house in Parkville except for 2 years when he was working in Fiji. What is Gordon's net capital gain or loss in relation to the above information? Net capital gain of $1 million. O Net capital gain of $2million. Net capital gain of $800,000. Net capital gain of $400,000. O None of the options O Nil

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