Otherwise the gardening expenses will be deductible

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Otherwise the gardening expenses will be deductible and not part of the cost base.
Question 3 Consider the following 2 transactions: You acquire a large block of land with a single title. You subdivide the land into 6 smaller blocks and sell 5 of them. On the remaining block you construct a house with an associated granny flat. As you do not have a granny, you sell the granny flat. Are there any CGT implications associated with these transactions?
Question 4 Jan has capital losses carried forward of $2,000. During the 2018 income year, the following occurred:
Solutions CLWM4100- Taxation Law Workshop 5 Capital Gains Tax In January 2018, Jan sold ANZ shares which she purchased in March 2014. This resulted in a capital gain of $50,000. In May 2018, Jan sold 500 Rio Tinto shares she purchased in May 2012. This resulted in a capital loss of $10,000. Calculate Jan’s net capital gain to be included in her assessable income for the year ended 30 June 2018.
Questions during workshop Question 1 Discuss the following comment The disposal of any form of asset will always result in an assessable amount under the capital gains tax rules
Question 2On 2 June 2018, David transfers a rental property to his wife Tanya, at no cost. David acquired the property in May 2013 for $250,000. The market value on the day of disposal was $500,000. Is there a capital gain?
Solutions CLWM4100- Taxation Law Workshop 5 Capital Gains Tax Suggested solution
Question 3

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