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Ms. Gina purchased a property in 1999 for $3,000,000 and sold it for $15,000,000 in 2020. In 2011 she changed her entire roof at the
Ms. Gina purchased a property in 1999 for $3,000,000 and sold it for $15,000,000 in 2020. In 2011 she changed her entire roof at the cost of $300,000 She also erected a security hut for $2,000,000. Mr. J paid lawyer fees of $300,000. Calculate the applicable CGT.
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To calculate the applicable Capital Gains Tax CGT for Ms Ginas property sale we need to consider the ...
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
