3. Showing workings, calculate Claude's net capital gain or loss (assuming he has no other CGT events)(4 marks). Claude purchased a home in Kew on 1 September 1999 for $300 000 incurring legal costs of $10 000 at that time. Settlement was on 1 October 1999. In March 2012 Claude spent S12 000 on legal fees defending the boundary to his property in a dispute against his neighbour. In December 2017 Claude was tired of fighting with his neighbour and he decided to sell the property. He sold the property for $600 000 and the purchaser also gave him a small boat valued at $40 000 4. Calculate the highest deduction for depreciation available for Matthew for the financial year ended 30 June 2017. Please ignore the small business immediate write off for the purposes of this question (4 marks). Matthew has owned an accounting business for many years. On 1 May 2017 he purchases a new projector for presentations to his clients. The projector cost him $8 000 and has an effective life of 6 years. He takes the projector home on weekends to watch movies with his children so he estimates that the projector is used 90% for business purposes, and 10% private purposes