Liz acquired land on 1 January last year.On 1 March this year she decided to sell the land. Liz entered into a contract of sale on 1 May this year. The sale contract was settled on 1 July this year when Liz handed over the title and possession to the land in return for the sale price being received by her. Which of the following is correct under the “capital gains tax” provisions: Group of answer choices CGT event A1 has not happened. CGT event A1 happened on 1 January last year. CGT event A1 happened on 1 March this year. CGT event A1 happened on 1 May this year. CGT event A1 happened on 1 July this year.

Liz acquired land on 1 January last year.On 1 March this year she decided to sell the land. Liz entered into a contract of sale on 1 May this year. The sale contract was settled on 1 July this year when Liz handed over the title and possession to the land in return for the sale price being received by her. Which of the following is correct under the “capital gains tax” provisions: Group of answer choices CGT event A1 has not happened. CGT event A1 happened on 1 January last year. CGT event A1 happened on 1 March this year. CGT event A1 happened on 1 May this year. CGT event A1 happened on 1 July this year.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 36P

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