Task B5.1 Calculating CGT

What is CGT? Calculate the capital gain and the tax Aaron must pay on the sale of his beach house.

Read the case study and then complete the calculations to work out the CGT on a beach house after it was sold.

Task B5.1 Calculating CGT
Type: Mixed
Questions: 4
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 15

    Primary industry suffered severely in the 1930s due to drought and the Depression, so the government introduced three new taxes to support farmers: the flour tax, the wool tax and the apple and pear tax.

Dividend

A share of a company's distribution paid to a shareholder.

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