During the 2020 tax year, Ron sold his shares in Telstra Ltd for $50,000. He originally bought the shares in 2015 for $20,000.

He also sold an antique vase for $5,000 which he bought in 2011 for $1,000.

He also sold his boat for $15,000. The boat cost him $9,000 in 2012.

Discuss how much Capital Gains Tax Gunther should add to his Assessable income for the 2020 tax year. Give reasons, show calculations and refer to law.

Can you please give the answer in 15 minutes please it will be so helpful please.