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Alan Purcell

Alan Purcell

Jun 1, 2026

23:30
So whether it's for market value, whether it's a gift, explain this a little bit about this.
23:37
Yeah, sure.
23:37
So, like, again, when a, when the asset is effectively gotten rid of by the, the owner of the, the asset, that's when it is seen to be a, a taxable event.
23:47
Um, a market value would be assigned at that time of the disposal.
23:50
So if it was a property, you could be talking about a, a real estate, um, value or the sale price of the property.
23:57
If it was something like cryptocurrency, it's the sales proceeds of those, and similar for shares.
24:03
And basically what you're then looking at, Suzanne, is what have you receivedFor, or what was the market value of the, the asset that you've gotten rid of? What was the base cost or what did you originally acquire it for or pay for it? And that's gonna reduce, um, your disposal value by the acquisition cost, which brings you down to your taxable gain.

17 MINS LATER

40:56
The girlfriend's not.

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