Question 14 Which of the following independent transactions would not result in a capital gains...
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Question 14 Which of the following independent transactions would not result in a capital gains tax event for the year ended 30 June 2020 O Molly sold a racehorse on 8 April 2020 for $60,000 that she had purchased in 2016 for $5,000 and raced as a hobby Oliver sold his holiday home on the Gold Coast for $850,000. Contracts were signed on 10 June 2020 and settlement took place on 24 July 2020. o Robert received $50,000 on 26 March 2020 in return for signing a contract to not open a new brewery within a 20km radius of the one he had just sold for a period of 3 years Jamie sold an artwork on 2 June 2020 for $45,000 which he paid $2,000 for in 1986 None of the above
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