Carol signed a contract to sell her rental property in June 2021 for settlement to take place in December 2021. She will make a net capital gain of $50,000 from the sale of this rental property. In which year will the net capital gain have to be included in carol's assessable income?

a.Carol does not need to include this net capital gain into her assessable income as the rental property is an exempt CGT asset

b.Carol has a choice as to which year- 2021 or 2022 that she wants to include the net capital gain into her assessable income

c.2022 tax year

d.2021 tax year