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Question: on 15 january 1981 john bought a property to use...

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On 15 January 1981 John bought a property to use as his home.  The home cost him $120,000.  He lived in it for the entire period of time he owned it.  He paid $2,000 in stamp duty in January 1981.  He sold the property for $320,000 in October 2012 as he intended to move overseas. He paid commission of $4,600 to the real estate agent and advertising costs of $400.  These expenses were paid in October 2012 calculate johns capital cgt

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