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Mr. John Jones a pensioner has four sons and four plots of land in Guyana....

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Accounting

Mr. John Jones a pensioner has four sons and four plots of land in Guyana. Mr. Jones is gifting through deed of gift each son one plot in equal shares however, he is retaining life interest on the lot with his youngest son. Using any suitable examples of your choice to illustrate, show how to calculate his capital gains/loss if any?

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