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Ned Una, a resident taxpayer, sold the following assets during the 2019/2020 Tax Year ASSET COST BASE $ ACQUISITION DATE DISPOSAL DATE SALE PRICE $

Ned Una, a resident taxpayer, sold the following assets during the 2019/2020 Tax Year

ASSET

COST

BASE $

ACQUISITION

DATE

DISPOSAL

DATE

SALE

PRICE $

Investment Property 120000 1/5/07 31/12/19 350000
Motor Vehicle 25000 30/8/11 24/2/20 27000
Painting 8000 10/3/14 19/7/19 12900
Antique Furniture 18400 25/12/92 1/6/20 26300
Antique Vase 400 17/3/96 3/9/19 1300
Stereo System 16000 8/5/97 16/6/20 5100
Shares Broken Ridge Mining NL 8000 16/4/05 25/5/20 2500
Shares Rock Solid Bank Ltd 8000 16/04/17 25/5/20 11200

The parcels of shares each incurred $80 of selling expenses on disposal.

Ned has $3000 of capital losses from previous years, these relate to the sale of jewellery.

Determine the Net Capital Gain - Check both indexed and discount methods where available

Total Collectables =

Total Personal & Other use =

Total Other Methods & Indexed =

Net Gain before Discount =

Less Discount =

Net Capital Gain =

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