Solution-Calculate indexed cost base for capital gains tax

Calculate indexed cost base for capital gains tax purposes

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Question - On 1 July 1988 Keith acquired a wind surfboard for his son for $19,000. Keith borrowed $6,000 of the money from Nasty Bank. The loan was a fixed interest loan on which Keith paid interest of $2,000. Keith sold it in September 2016 for $31,000.

Required - Calculate the indexed cost base for Capital Gains Tax purposes.

Reference no: EM132642619

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Calculate indexed cost base for capital gains tax purposes

Reference no: EM132642619

Reference no: EM132642619

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