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How much must Robert include in his assessable income

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Question - Robert sold a house for $350,000. The contract for sale was entered into on 1 June 2021 and the transfer of title took place on 16 July 2021. He had purchased the house on 1 January 2019 for $300,000. The house was not his main residence during the ownership period. How much must Robert include in his assessable income for the year ended 30 June 2021 in relation to the sale of the house?

Reference no: EM133124302

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