Shares in XYZ Ltd were sold on 1/10/2017 for $45000. These shares were purchased for long term
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Question:
Shares in XYZ Ltd were sold on 1/10/2017 for $45000. These shares were purchased for long term investment purposes on 31/10/1998 for $41500.
In this case, how much do you have to pay in tax return? Is CGT discount method applied?
Expert Answer:
To determine the capital gains tax CGT liability and whether the CGT discount method is applied we n... View the full answer
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