Question: Time left 0:57:27 THIS QUESTION REQUIRES AN ESSAY STYLE ANSWER Mohan, an Australian resident, decided to take a new job and transferred to Sydney. Before

Time left 0:57:27 THIS QUESTION REQUIRES AN ESSAY STYLE ANSWER Mohan, an Australian resident, decided to take a new job and transferred to Sydney. Before moving, he sold the following assets: Item Purchase Price Sale Price Home (Principal Residence) $450,000 $740,000 Home Video System $5,000 $8,000 Antique Vase $6,000 $29,000 Rental Property $240,000 $360,000 All assets were purchased on 1 October 2018 and sold on 30 June 2021. Required: Explain the law applicable to each of these items that were sold Then calculate the total amount, if any, to be included in his assessable income from these CGT events? B I S X2 X2 A v U E E D C > E

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