Question
The taxpayer purchased a bicycle on 18 June 2012 at a cost of $2,500 and sold it on 11 August 2021 for $3,500. The CGT
The taxpayer purchased a bicycle on 18 June 2012 at a cost of $2,500 and sold it on 11 August 2021 for $3,500. The CGT result is:
Select one:
1 a net capital gain of $1,000
2 a net capital gain of $500
3 a net capital gain of $3,500
4 Nil - exempt
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Auditing And Assurance Services
Authors: David Ricchiute
5th Edition
0538869526, 978-0538869522
