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Required: Showing workings and citations, calculate Greg's Net Capital Gain or Loss. If the 50% discount applies, please state that this is the case
Required: Showing workings and citations, calculate Greg's Net Capital Gain or Loss. If the 50% discount applies, please state that this is the case and apply it without going into details about the requirements for the discount applying (4 marks). Greg made the following acquisitions on 20 June 2019: An antique desk for use in his home dining room $1100 Shares in Bus Ltd for $40,000 Shares in Nok Ltd for $80,000. During the current tax year on 10 January 2022, Greg sold these items as follows: The antique desk for $300 Shares in Bus Ltd for $60,000 Shares in Nok Ltd for $70,000
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