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In April 2010, Lisa Bought a Six-Room House to Live

Question 16

Multiple Choice

In April 2010, Lisa bought a six-room house to live in. She rented it out until April 2014 when she got a job in another city. Lisa then moved back into the house and the house was sold in April 2020 and Lisa made a capital gain of$44 000 (after applying the CGT discount) . What is the CGT treatment of the sale?


A) $17,600
B) $44,000
C) $0
D) $22,000

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