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Sally bought an investment property in August 1999 for $350,000 and then sold it in December 2019 for $750,000. Which statement correctly describes Sally's CGT
Sally bought an investment property in August 1999 for $350,000 and then sold it in December 2019 for $750,000. Which statement correctly describes Sally's CGT position and obligations related to the sale of the property? Select one: a. The property will not be subject to capital gains because it was purchased before 21 September 1999. O b. None of the specific statements are correct. OC. Sally will be entitled to calculate her capital gain on the sale of the property under the indexation method but NOT the discount method. d. Sally will be entitled to calculate her capital gain on the sale of the property under the discount method or the indexation method
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