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MLC301 Principles of Income Tax Law - Assessment Questions

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QUESTION 3. 4

Ms Shrood invested $4000 (3 May 2000) in a gold ingot as a hedge against inflation and as a provision for her retirement. Will she be subject to CGT when the ingot of gold is sold? Would your answer be different if she purchased a painting, shares or a new lounge suite for her private use?

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