Question
Sonny and Terry Magee married on the 18th of September 1985. On 25th of July 1993 Sonny purchased 15,000 NAB shares. On the 23rd of
Sonny and Terry Magee married on the 18th of September 1985. On 25th of July 1993 Sonny purchased 15,000 NAB shares. On the 23rd of September of the current year, Sonny and Terry were divorced and, under a court order, Sonny disposed of his 15,000 NAB shares to Terry. As a result:
(a) Sonny is liable for any capital gains tax at the time of the disposal to
Terry.
(b) Sonny is liable for any capital gains tax at the time of any subsequent
disposal by Terry.
(c) Terry is liable for any capital gains tax at the time of the disposal by
Sonny.
(d) Terry is liable for any capital gains tax at the time she disposes of the
shares.
THERE IS A CONFUSION IN THE ANWERS , IT IS ANSWERED WITH DIFFERENT OPTIONS BY ANOTHER TUTOT. PLEASE CLARIFY WHAT IS THE CORRECT ANSWERS ?
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