Taxation Law: FBT Implications and CGT Consequences

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Added on 2022/11/17

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This document discusses the FBT implications incurred by Spiceco for extending a car to Lucinda applying statutory formula method as well as the operating cost method. It also covers the CGT consequences accompanying the sale of assets, including a house, painting, yacht, and shares. The document explains the computation of CGT gain or loss and the requirements for availing discounts. It also discusses the treatment of CGT loss from personal assets and the carry-forward of losses from shares.

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Taxation Law: FBT Implications and CGT Consequences

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