Question: Part C Case Studies. You are required to write your answers in your own created new MS Word Document (Please read the instructions carefully). (

Part C Case Studies. You are required to write your answers in your own created new MS Word Document (Please read the instructions carefully). ( 60 Marks) Question 1 (20 Marks) Piease advise the consequences of these following transactions from CGT (Capital Gain Tax) point of view (a) A gold bangle which cost $390 (bought 7 months ago) soid today for $2,000 (b) A second-hand car purchased for $15,0007 months ago, sold today for $20,000 (c) Shares in QAN (Qantas) purchased 3 months ago for $2,000, sold today for $4,000 (d) Your home (primary residence) purchased for $650,0003 years ago. Sold today for $1,000,000 (e) A painting hung in the foyer of your design firm purchased 5 years ago for $450 and sold today for $5,000 ? (7) A holiday house at Hyams Beach purchased 2 years ago for $450,000 sold today for $700,000

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