calculate kay's net capital gain

estimates that 30% of her phone expenses are work related. Kay sold the following assets during the income year: (1) Shares: On 18 June 2014 Kay entered into a contract to purchase 1,000 shares in PER Ltd for $10,000. At the same time, Kay paid brokerage fees of $200 on the purchase of the shares. Kay received a fully franked dividend of $1,400 on these Continued.. 5 BFA714 Australian Tax Law shares on 30 April 2020. Kay sold the shares for $15.200 and paid $200 brokerage on the sale, the contract date was 29 June 2020. Coles Bay house: Kay owns two properties. Although she has lived in her Taroona property since she purchased it in 2004, she also owns a house in Coles bay that she uses as his holiday home. Kay purchased the Coles Bay house for $220,000 under a contract dated 10 May 2007, with the settlement date being 19 June 2007. At the time of purchase Kay paid legal fees of $2,200 (including GST) and stamp duty of $3,800. To purchase the apartment, Kay borrowed $200,000 from the National Australia Bank (NAB) on 10 May 2007 under a 25-year loan agreement at a variable interest rate. NAB charged a $700 loan establishment fee to set up the loan agreement, and Kay also paid stamp duty of $600 on the loan. For the income year ended 30 June 2020, Kay paid interest of $4,790 on the bank loan (note that the total interest payable on the loan up until the sale date was $96,500). Kay has paid a total of $16,500 (including GST) in insurance premiums on the property since she acquired the house, with $2,000 of that being attributable to the income year ended 30 June 2020. Kay has also paid a total of $7,000 in council rates on the property, with $900 being attributable to the income year ended 30 June 2020 On 1 November 2019 Kay replaced two windows at the front of the apartment because they were broken due to a severe weather event. The cost of replacing the windows was $550 (including GST). Kay did not claim the expense through her property insurance as the excess on his insurance was much higher than the cost of replacing the windows. Kay signed a contract on 14 June 2020 to sell the Coles Bay house for $380,000. In relation to the sale, Kay paid legal fees of $3,000 (including GST) and real estate agent's commission of $4,400 (including GST). The settlement date for the sale of the apartment was 28 July 2020. Other Information: As at 1 July 2019. Kay had a carried forward capital loss of $1,000 from a sale of shares (a CGT event that occurred in the previous income year), and a carried forward capital loss of $900 from the sale of an artwork. On 2 March 2020. Kay donated $1,000 to RSPCA, which is a deductible gift recipient (DGR). She has retained the receipt she was provided with for this donation. estimates that 30% of her phone expenses are work related. Kay sold the following assets during the income year: (1) Shares: On 18 June 2014 Kay entered into a contract to purchase 1,000 shares in PER Ltd for $10,000. At the same time, Kay paid brokerage fees of $200 on the purchase of the shares. Kay received a fully franked dividend of $1,400 on these Continued.. 5 BFA714 Australian Tax Law shares on 30 April 2020. Kay sold the shares for $15.200 and paid $200 brokerage on the sale, the contract date was 29 June 2020. Coles Bay house: Kay owns two properties. Although she has lived in her Taroona property since she purchased it in 2004, she also owns a house in Coles bay that she uses as his holiday home. Kay purchased the Coles Bay house for $220,000 under a contract dated 10 May 2007, with the settlement date being 19 June 2007. At the time of purchase Kay paid legal fees of $2,200 (including GST) and stamp duty of $3,800. To purchase the apartment, Kay borrowed $200,000 from the National Australia Bank (NAB) on 10 May 2007 under a 25-year loan agreement at a variable interest rate. NAB charged a $700 loan establishment fee to set up the loan agreement, and Kay also paid stamp duty of $600 on the loan. For the income year ended 30 June 2020, Kay paid interest of $4,790 on the bank loan (note that the total interest payable on the loan up until the sale date was $96,500). Kay has paid a total of $16,500 (including GST) in insurance premiums on the property since she acquired the house, with $2,000 of that being attributable to the income year ended 30 June 2020. Kay has also paid a total of $7,000 in council rates on the property, with $900 being attributable to the income year ended 30 June 2020 On 1 November 2019 Kay replaced two windows at the front of the apartment because they were broken due to a severe weather event. The cost of replacing the windows was $550 (including GST). Kay did not claim the expense through her property insurance as the excess on his insurance was much higher than the cost of replacing the windows. Kay signed a contract on 14 June 2020 to sell the Coles Bay house for $380,000. In relation to the sale, Kay paid legal fees of $3,000 (including GST) and real estate agent's commission of $4,400 (including GST). The settlement date for the sale of the apartment was 28 July 2020. Other Information: As at 1 July 2019. Kay had a carried forward capital loss of $1,000 from a sale of shares (a CGT event that occurred in the previous income year), and a carried forward capital loss of $900 from the sale of an artwork. On 2 March 2020. Kay donated $1,000 to RSPCA, which is a deductible gift recipient (DGR). She has retained the receipt she was provided with for this donation