Calculate the net capital gain for Sonia in relation to the following events for the income year ended 30 June 2022. Provide a full explanation citing relevant statute law and case law to support your answers.

Sonias father passed away on 21 February 2021, and in his will, he left everything to Sonia. This was essentially his family home, an investment property, household effects and his car. Sonia decided to sell all the assets that she inherited. Details of the sales are as follows:

• House Sonias father purchased the family home in 1990 for $135,000 and there were $5,000 in costs to buy and register the home in his name. Its market value at the date of her fathers death was $800,000. Sonia sold the home in October 2021 for $835,000 and selling costs were $15,000.
• Household furniture and goods The cost of these was in the order of $11,000, and Sonia sold them for $12,500 in July 2021.
• Dads Alpha Romeo Sonias father had purchased a new Alpha Romeo in 1990 for $46,990 which was the drive away price. Sonia sold it for $9,990 in August 2021.
• Investment Property Sonias father purchased an investment property for $95,000 as shown in the contract entered into, dated March 2001. Fees on purchase of $5,000 included stamp duty, legal fees, conveyancing and transfer fees and borrowing expenses. Its market value at the date of her fathers death was $300,000. She entered into a contract to sell the property on 1 June 2022 for $320,000, and she will receive this money on settlement in August 2022. Selling costs of $4,000 included commission and legal fees and conveyancing fees.