John received two properties from his deceased father (David) under a will. One property is...
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John received two properties from his deceased father (David) under a will. One property is a holiday house in Brisance and another is an investment property in Sydney. David has purchased the investment property in 1979 for $2.5m and he purchased the Brisbane property in 1990 for $2m. on the day that Davis passed ways each property had a market value of $5m. John wants to sell both properties. With reference to relevant legislation/case law discuss the CGT consequences of above arrangements?
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