Calculate the Net Capital Gain and Net Rental Income?

Final answer for net capital gain is $15,635.5 (capital works are added) and $3,000 for net rental income.

GST: multiplying a GST inclusive amount by 10/11

Sunnybank Apartment: Jade purchased an apartment in Sunnybank for $230,000 under a contract dated 29 April 2005, with the settlement date being 31 May 2005. At the time of purchase she had to pay legal fees of $1,500 (including GST) and stamp duty of $2,000. To purchase the apartment, Jade borrowed $150,000 from the Bank of Queensland under a 25 year loan agreement at a variable interest rate. The Bank of Queensland charged $800 as a loan establishment fee to set up the loan agreement, plus Jade had to pay stamp duty of $300 on the loan. Jade has rented out the apartment to tenants ever since she purchased it. When she purchased the apartment, Jade was provided with a schedule from Chang & Wu Quantity Surveyors, confirming that the apartment building was constructed in July 1998. The schedule also confirmed that the construction cost specifically attributable to the apartment was $120,000. For the income year ended 30 June 2012, Jade received $17,817 of rent in relation to the apartment, but had to pay interest of $10,300 on the Bank of Queensland loan. In August 2011 Jade purchased $1,000 (including GST) worth of paint from Amazing Paints Hardware to paint the apartment as the paint was badly flaking. Jade decided to paint the apartment herself, which saved her $5,500 (including GST) had she engaged a professor painter to do it instead. Sunnybank Apartment: Jade purchased an apartment in Sunnybank for $230,000 under a contract dated 29 April 2005, with the settlement date being 31 May 2005. At the time of purchase she had to pay legal fees of $1,500 (including GST) and stamp duty of $2,000. To purchase the apartment, Jade borrowed $150,000 from the Bank of Queensland under a 25 year loan agreement at a variable interest rate. The Bank of Queensland charged $800 as a loan establishment fee to set up the loan agreement, plus Jade had to pay stamp duty of $300 on the loan. Jade has rented out the apartment to tenants ever since she purchased it. When she purchased the apartment, Jade was provided with a schedule from Chang & Wu Quantity Surveyors, confirming that the apartment building was constructed in July 1998. The schedule also confirmed that the construction cost specifically attributable to the apartment was $120,000. For the income year ended 30 June 2012, Jade received $17,817 of rent in relation to the apartment, but had to pay interest of $10,300 on the Bank of Queensland loan. In August 2011 Jade purchased $1,000 (including GST) worth of paint from Amazing Paints Hardware to paint the apartment as the paint was badly flaking. Jade decided to paint the apartment herself, which saved her $5,500 (including GST) had she engaged a professor painter to do it instead