New South Wales Consolidated Acts
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RETIREMENT VILLAGES ACT 1999 - SECT 7A
Meaning of "capital gain"
7A Meaning of "capital gain"
(1) In this Act,
"capital gain" , in relation to a resident's entitlement under a
residence contract or the sharing of a capital gain under a village contract
between the operator and a resident, means any increase between the amount
that the resident paid for the residence right for the relevant premises and
the amount that the next resident pays for a residence right for the same
premises, less any costs associated with the subsequent sale or lease of the
(2) Fees and charges payable under a village contract are not to be
included in the calculation of the capital gain.
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