Elise run a Coffee Supplies shop for 6 years as a sole trader. On 1 May 2021 she sold her business for $200,000 and made a capital gain of $50,000. Elise had prior year capital losses of $10,000.

Assuming that Elise chooses the CGT discount method for determining her capital gain, calculate her net capital gain for the 2021/2022 tax year.