Shares Acquired by the Deceased Before the Introduction of the Capital

question 2

Multiple Choice

Shares acquired by the deceased before the introduction of the capital gains tax (CGT) will not be subject to CGT if sold by the:

• A) executor or the beneficiary.
• B) executor within 6 months of the date of death.
• C) beneficiary within 12 months of the date of death.
• D) none of the above.

---

Definitions:

Human Capital

The skills, knowledge, and experience possessed by an individual viewed in terms of their value or cost to an organization or country.

Compensating Differential

The difference in wages that compensates workers for undesirable aspects of a job, such as long hours or dangerous conditions.

Human Capital

The qualifications, know-how, and lived experiences of a person or society, assessed in terms of their profitability or cost to a business or country.

Compensating Differential

The additional amount of income that a worker requires to accept a job with undesirable features, compared to a similar job with more favorable features.