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Amanda is an Australian individual taxpayer. During the 2021-22 income year, she sold the following assets as set out in the below table. Polly has

Amanda is an Australian individual taxpayer. During the 2021-22 income year, she sold the following assets as set out in the below table. Polly has always held shares as a passive investor (i.e., she is not a share trader).

Asset

Date of purchase

Cost

Date of Sale

Sale Proceeds

Shares in Strawberry Ltd

1 September

2012

$4,000

30 April 2022

$11,000

Shares in Mandarin Ltd

1 June 2016

$8,000

30 March 2022

$3,000

Shares in Melon Ltd

1 July 2021

$5,000

30 October

2021

$8,000

Assume there are no other costs associated with the purchases or sales of the shares. These are the only transactions that impact on the 2021-22 income year.

What will be Amanda's net capital gain, assuming she wishes to minimize her assessable income for the 2021-22 income year?




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