6. Showing workings, calculate Lucy's net capital gain or loss for House A (assuming she has no other CGT events) (4 marks Lucy purchased House A in Perth on 1 February 2012 for $450 000 and moved into it straight away. On 1 January 2013 Lucy decided to move to Melbourne where she rented House B for herself. She decided to get tenants to move into House A. The market value of House A at that time was $500 000. Lucy soon had enough of Melbourne and decided to move back to House A in Perth on 1 February 2017. She sold House A for $600 000 on 5 March 2018 and incurred $ 3 000 expenses from advertising the house for sale. 7. Consider whether the $50 000 is deductible for the taxpayer (4 marks). The taxpayer is a large eco-caravan hirer in regional Victoria. During the current tax year they made a lump sum payment of $50 000 to the Victorian Government to be the only government accredited eco-caravan provider in Victoria for the next 2 years. As a result, the Victorian Government agreed to promote the eco-caravans as part of its tourism campaigns. Tourists were still able to hire any type of caravan they wanted when traveling through Victoria, but they would receive a special discount if they hired this particular eco-caravan as a result of the advertising campaign. 8. For the following transactions sate for the taxpayer the CGT event, whether there is a capital gain/loss, and whether the Division 115 discount is available (2 marks each). I. The taxpayer, Century Pty Ltd, owned a factory that was destroyed by fire and they received $500 000 as an insurance payout in March 2018. They purchased the factory for $200 000 on 22 September 1999. II. The taxpayer, Marcia, entered into a contract in January 2015 with her former employer agreeing not to work as a tax consultant within 300km of Melbourne for a period of 3 years. Marcia was paid $120 000 on entering into this agreement