Tom spent his entire life in Australia until he ceased to be an Australian resident and became
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Question:
Tom spent his entire life in Australia until he ceased to be an Australian resident and became a resident of the
United Kingdom in June When he left Australia, Toms only asset was a property in New Zealand.
The property cost $ in March and was worth $ in June Tom sold the property for $ in August He did not make any elections.
Requirement: Calculate and explain the capital gain consequences associated with each CGT event for the income year ended
June
Expert Answer:
To calculate the capital gain consequences associated with each CGT event for the income year ended ... View the full answer
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