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Provide a detailed answer to the following questions including references to the relevant provisions in the ITAA 1997 and any ATO issued interpretive guidance: a.

Provide a detailed answer to the following questions including references to the relevant provisions in the ITAA 1997 and any ATO issued interpretive guidance:

a. what are the 5 elements of the cost base and reduced cost base of a CGT asset? Is the cost base of a CGT asset subject to any type of modification?

b. what makes up the capital proceeds of a CGT asset? Are the capital proceeds subject to any modifications?

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