Question
When Ben retired in January this year, he sold his investment property for $900,000. Ben inherited the property on the 29th of June 1995 after
When Ben retired in January this year, he sold his investment property for $900,000.
Ben inherited the property on the 29th of June 1995 after his father died.
At the time he acquired the property, its market value was $400,000.
Required: Calculate the capital gain using the CGT Discount Method AND the Indexation Method and advise Ben which method will help him minimise his capital gain.
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Financial Accounting An Integrated Approach
Authors: Michael Gibbins
6th Edition
0176407251, 978-0176407254
