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Matt accuired a rental property on 15 April 2013 for $170,000 on 30April 2019 he sold the property for $325,000. Legal fees on purchase were
Matt accuired a rental property on 15 April 2013 for $170,000 on 30April 2019 he sold the property for $325,000. Legal fees on purchase were $1,000 and the legal fees on sale were $1,750.Matt incurred $25,000 for the building of an extension to the property on 10 October 2016. What is Matt's capital gain arising from the disposal of this property,minimising any gain if possible?
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