Question
Please advise the consequences of these following transactions from CGT (Capital Gain Tax) point of view (a) A gold necklace which cost $380 (bought 9
- Please advise the consequences of these following transactions from CGT (Capital Gain Tax) point of view
(a) A gold necklace which cost $380 (bought 9 months ago) sold today for $4,000
(b) A second-hand car purchased for $12,000 2 years ago, sold today for $15,000
(c) Shares in WOW (Woolworths Ltd) purchased 10 months ago for $3,000, sold today for $4,000
(d) Your home (primary residence) purchased for $550,000 3 years ago. Sold today for $1,000,000
(e) A painting hung in the foyer of your design rm purchased 5 years ago for $450 and sold today for $7,000?
(f) A holiday house at Hyams Beach purchased 2 years ago for $450,000 sold today for $700,000?
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Cost Accounting Theory And Practice
Authors: R. Palaniappan, N. Hariharan
1st Edition
9380578342, 978-9380578347
