Sale of family home: Capital gains

Sale of car: “Sec 108.20 (1) ITA Act 1997” says that CGT asset usually encompasses any property or lawful or equitable right (Armstrong, 2016). Sale of car: “Sec 108.20 (1) ITA Act 1997” says that CGT asset usually encompasses any property or lawful or equitable right (Armstrong, 2016). An important explanation regarding personal use asset given in “sec 108-20 ITA Act 1997” denotes that these assets are mainly kept by taxpayer for their own enjoyment (Mannix,