Before moving into a retirement home, Tom Brady sold the following assets:

Investment property 1:

• Bought on 10 July 2010 for $300,000
• Paid $1,500 for conveyancing fees
• Paid $10,000 for insurances, rates and taxes
• Paid $4,000 in legal fees to defend his ownership over his front garden against a neighbour
• Sold the property on 20 June 2020 for $900,000

Investment property 2:

• Bought for $19,000 in 1977
• Sold on 20 June 2020 for $1.1 million

Main Residence:

• Bought on 20 April 2001 for $250,000
• Sold on 29 June 2020 for $800,000

Required: Calculate Tom's Net Capital Gain for the 2020 financial year

(You must give reasons for your calculations and refer to law)