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Pleaseadvisetheconsequencesofthesefollowing transactions in regards to country Australia fromCGT(CapitalGainTax)pointofview : Agoldnecklace whichcost$380(bought9monthsago)soldtoday for$4,000 Asecond-handcarpurchasedfor$12,0002yearsago,soldtoday for$15,000 SharesinWOW(WoolworthsLtd)purchased10monthsagofor$3,000,soldtodayfor$4,000 Yourhome(primaryresidence)purchasedfor$550,0003yearsago.Soldtodayfor$1,000,000 Apaintinghunginthefoyerofyourdesignrmpurchased5yearsagofor$450andsoldtodayfor$7,000? AholidayhouseatHyamsBeachpurchased2yearsagofor$450,000soldtodayfor $700,000?
Pleaseadvisetheconsequencesofthesefollowing transactions in regards to country Australia fromCGT(CapitalGainTax)pointofview :
- Agoldnecklace whichcost$380(bought9monthsago)soldtoday for$4,000
- Asecond-handcarpurchasedfor$12,0002yearsago,soldtoday for$15,000
- SharesinWOW(WoolworthsLtd)purchased10monthsagofor$3,000,soldtodayfor$4,000
- Yourhome(primaryresidence)purchasedfor$550,0003yearsago.Soldtodayfor$1,000,000
- Apaintinghunginthefoyerofyourdesignrmpurchased5yearsagofor$450andsoldtodayfor$7,000?
- AholidayhouseatHyamsBeachpurchased2yearsagofor$450,000soldtodayfor $700,000?
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Management And Cost Accounting
Authors: Charles T. Horngren, Alnoor Bhimani, Srikant M. Datar, George Foster
1st Edition
0130805475, 978-0130805478
