Collect Pty Ltd is a small size company that is based in the Gold Coast, QLD, Australia. Collect Pty Ltds annual turnover is less than 5 Million. In the year 2021 Collect has sold the following Items. You are required to advise Collect Pty Ltd its Capital Gain and its tax duties from each CGT Event.

1. Collect sold one of the rental properties it owns. The property was purchased in 1995 for $300,000 and it is sold in February 2021 for $900,000.

2. Collect sold 1,000 shares it owned in Bright Public Company in March 2021. Collect purchased the shares in 1980 for 10,000 and the sale price for the share is $100,000.

3. Collect Pty Ltd purchased a vacant block of land in Brisbane on 1 October 1980. On 1 September 1989, the company built a house on the land. At the time, the land was valued at $90,000 and the cost of construction was $60,000. The property has been rented out since construction was completed. On 1 March of the current tax year, the company sold the property at auction for $800,000.