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Q1Brad Emerson, a resident taxpayer, sold the following CGT assets during the 2017/18 tax year: (I want to include the working methods please ) ASSET
Q1Brad Emerson, a resident taxpayer, sold the following CGT assets during the 2017/18 tax year:
(I want to include the working methods please )
ASSET | COST BASE | ACQUISITION DATE | DISPOSAL DATE | SALE PRICE |
Shares - AAA | $48,000 | 19 Jan 87 | 20 Feb 18 | $71,000 |
Shares - BBB | $62,000 | 30 May 06 | 17 Apr 18 | $77,000 |
Shares - CCC | $49,000 | 8 Jun 10 | 24 Mar 18 | $35,000 |
Required:
Calculate the minimum net capital gain for the 2017/18 tax year. Use a combination of the indexed and discount methods, where allowed. (Show your workings).
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