A car he bought 3 years ago for $65 000 and was used solely for his personal use was sold for $25 000. The book value of the car is $27500.
In this case, how much should he declare on his tax return? Is the CGT discount method applied?
https://uniessaywriters.com/wp-content/uploads/2020/07/LOG-300x75.png00developerhttps://uniessaywriters.com/wp-content/uploads/2020/07/LOG-300x75.pngdeveloper2020-08-09 13:38:542020-08-09 13:38:54A car he bought 3 years ago for $65 000 and was used solely for his personal use was sold for $25 000. The book value of the car is $27500. In this
