uan was forced to move to Sydney to care for his sick grandparents. Before moving,...
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Accounting
uan was forced to move to Sydney to care for his sick grandparents. Before moving, Juan sold the following assets:
Item Purchase Price Sale Price
Suzuki Motor Bike $15,000 $86,000
Oil Painting $190,000 $312,000
Oak wood dinner table $26,000 $14,000
Snowboard $8,000 $11,000
Antique bracelet $31,000 $21,000
Holiday Apartment $597,000 $686,000
All assets were purchased on 1 October 2009 and sold on 30 June 2017.
Required: Calculate the total amount, if any, to be included in Juans assessable income from these CGT events?
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