Kevin owns a country property that he purchased in 1967 for $30,000. The property was worth $25,000 at the end of 1971; he sold it this year for $155,000. Kevin does not use the principal residence exemption on this property. Using the tax-free zone method, what will be his taxable capital gain?

Answer rating: 100% (QA)

To calculate Kevins taxable capital gain using the taxfree zone method we need to first determine th... View the full answer