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EG: 13606 - taxation law Add in library

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On 11 March 1982, Melanie purchased a block of land for $60,000. On 1 May 1994, Melanie started construction of a building on this block of land which ultimately cost $800,000. Constructed of the building was completed on 19 August 1996.   On 6 November 2013, under a contract of sale, Melanie sold both the land and building for $1,500,000. At the time of sale, the land was valued at $300,000.   Calculate Melanie’s capital gain for the year ended 30 June 2014 assuming that sh ...

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Tags: Australia New South Wales University of New South Wales Taxation Law Taxation  Taxation Law 

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