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Barry is an Australian resident individual taxpayer entity. In the 2020-21 income year, he receives $500,000 from the disposal of an investment property purchased in

Barry is an Australian resident individual taxpayer entity. In the 2020-21 income year, he receives $500,000 from the disposal of an investment property purchased in September 2002, which he originally acquired for $200,000. Barry has capital losses from previous taxation years of $30,000 What is barrys net capital gain in the 2020-21 year? $135,000 $300,000 $270,000 $120,000

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