Reference no: EM133320591
Question 1: What CGT events (Collectables / Personal Use Assets / Other CGT Assets) apply to the following transactions:
Question 2: Explain your reasons and provide relevant sections of the legislation
{a} You sell shares in ZIP for $5,000. (in) You receive $200,000 in return fer signing a two-year contract to play NRL with the Brisbane Lions. to} You sell your holidayr home in Paris for 953350.000.
(b) You sell your accounting practice for $200,000 and receive an additional $20,000 for agreeing not to open another accounting practice within a 10 km radius for the next two years.
(c) You received $40,000 for workers' compensation insurance
(d) You sell a precious coin for $19,000. You paid $8,000 for the coin in 1980
(e) You sell a diamond ring for $25,000. You paid $12,000 for the ring in 1984.
(f) You sell a vintage car for $35,500. You paid $450 tor the car in $1986