Question 1 CGT discount method will be used in the question. According to this CGT method, the profit is calculated by reducing half amount which has been earned.  Assets Selling Price Purchase Price Profits Vase 3000 2000 1000 Chair 1000 3000 -2000 Painting 1000 9000 -8000 SoundSystem 11000 12000 -1000 Shares 20000 5000 15000 Total … Continue reading Taxation in Australia