What is the effect of this for thanh

Assignment Help Accounting Basics

Reference no: EM133655019

Question: Thanh has a capital gain from the sale of a business of $1.5 million. His current superannuation balance is $500,000. He has the full CGT cap available. After seeking advice from Thanh's accountant, you confirm he qualifies for the 15-year exemption. What is the effect of this for Thanh?

Reference no: EM133655019

Questions Cloud

Which strategies would best fit intel corporation : Which strategies would best fit Intel Corporation, which transformed its focus from computer chip manufacturing to computer software developments.

Excess distribution under the excess distribution method : Last year, how much of the $1,000 dividend would have been considered an "excess distribution" under the Excess Distribution Method

What federal law gives citizens the right to expect : What federal law gives citizens the right to expect their private information will be protected from undue investigation?

Which is why many companies choose to use excited emotions : How to revise this words I noticed in the commercials I listen to every day that companies usually. Which is why many companies choose to use excited emotions.

What is the effect of this for thanh : After seeking advice from Thanh's accountant, you confirm he qualifies for the 15-year exemption. What is the effect of this for Thanh

When the concept is applied to the business environment : When this concept is applied to the business environment, business ethics is about acting in the best interests of the organization.

What are the consequences for fernando : He has requested that his employer salary sacrifice $1,000 per month for him. He set this agreement in place in July 2021. It is now 1 July 2023. What are the

Net cash inflow is calculated in which way : One of the criteria St. Cloud uses to evaluate this renovation is by calculating the net cash inflow of the project. Net cash inflow is calculated in which way

Arrive at consolidated net income attributable : Arrive at consolidated net income attributable to the controlling interest, the interest's share of consolidated net income is deducted from consolidated net

User Account

All Pages