is tax return during the 2018 19 financial year 4373029

is tax return. During the 2018-19 financial year, Max disposed flax is your client and has come to you to prepare h Df the following assets: (a) A two-storey residence at Stuart Park in which he acquired in May 1991. In 1995 Max vacated the premises to work in Japan for three years, during this period the property was rented. Other than the 3 year period, Vax has lived in the property as his residence. He paid $370,000 to purchase the property and received $840,000 on 27 June 2019, after the real estate agent deducted commissions of $10,000. (b) Max sold vacant residential land originally purchased on 16 June 1984 for $300,000.


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