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John, an individual resident taxpayer, acquired an investment...

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John, an individual resident taxpayer, acquired an investment...

John, an individual resident taxpayer, acquired an investment property for $340,000, plus $10,000 in stamp duty on 1 July 2003. He sold it for $550,000 on the 30 June 2020.

John's net capital gain for the current income year (2020) is:

Select one:

$200,000

$105,000

None of these

$210,000

$100,000

Answer & Explanation

Solved by verified expert
Answered by tala1998 on coursehero.com

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