In March 2008, Marie bought a house in NSW for $140,000. Because she was still living at
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In March 2008, Marie bought a house in NSW for $140,000. Because she was still living at home to care for her parents, she rented the house to various tenants. Marie sold the house in March 2018 for $260,000. At the time of the sale, she had a net capital loss of $10,000 (carried over from 2009 when she sold shares at a loss). Calculate Marie’s net capital gain for the 2018 income year. You must refer to relevant law and show calculations.
Related Book For
Personal Finance An Integrated Planning Approach
ISBN: 978-0136063032
8th edition
Authors: Ralph R Frasca
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