Liz acquired land on 1 January last year.On 1 March this year she decided to sell the land. Liz entered into a contract of sale on 1 May this year. The sale contract was settled on 1 July this year when Liz handed over the title and possession to the land in return for the sale price being received by her. Which of the following is correct under the “capital gains tax” provisions: Group of answer choices CGT event A1 has not happened. CGT event A1 happened on 1 January last year. CGT event A1 happened on 1 March this year. CGT event A1 happened on 1 May this year. CGT event A1 happened on 1 July this year.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Liz acquired land on 1 January last year.On 1 March this year she decided to sell the land.

Liz entered into a contract of sale on 1 May this year.

The sale contract was settled on 1 July this year when Liz handed over the title and possession to the land in return for the sale price being received by her.

Which of the following is correct under the “capital gains tax” provisions:

Group of answer choices

CGT event A1 has not happened.

CGT event A1 happened on 1 January last year.

CGT event A1 happened on 1 March this year.

CGT event A1 happened on 1 May this year.

CGT event A1 happened on 1 July this year.

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