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Question 1 - Financial Year & CGT In June 2022, Mary entered into a contract...

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Accounting

Question 1 - Financial Year & CGT

In June 2022, Mary entered into a contract to sell land with the contact was settled in October 2022. On the other hand, Laurie owned a rental property that was destroyed in a fire in June 2022 and received a payment under an insurance policy in October 2022.

a) In which financial year must Mary declare her CGT

b) When did the CGT event occur for Laurie?

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