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 16

    The monetary cost of World War II was ten times the cost of World War I. Raising revenue via taxation became a vital part of Australia’s war effort.

Unearned income

Income received that is not from a personal exertion source. Bank interest and dividends are examples of unearned income.

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