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 17

    The opportunity to pay income tax in instalments, rather than once per year, was introduced in 1941.

Superannuation fund

A fund or scheme for the future payment of benefits following retirement, serious disability or death.

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