Hardrock Inc $($known as "Hardrock"$)$ is a resident company that provides agricultural supplies to farms and ranches in New South Wales. Hardrock has two shareholders $$ Sarah and her husband Jack $$ who each hold $50$ issued shares in the company. Sarah and Jack acquired their shares for an issue price of $$450$ per share on $1$ July $2018,$ when Hardrock was founded. The business of Hardrock was initially conducted from rented premises. On $1$ October $2020,$ Hardrock bought the rented premises, which included an administrative office, a warehouse, and an adjacent parking lot for customers. Initially, Hardrock contemplated purchasing only the warehouse for $$2$ million but later decided to acquire the administrative office, the warehouse, and the parking lot for $$5$ million. Hardrock had to obtain a loan of $$3$ million on $15$ October $2020,$ to purchase the business premises $($administrative office, the warehouse and the parking lot$).$ The interest on the $25-$years loan was $10\%,$ and there was an upfront establishment fee of $$4,500.$ In November $2020,$ Hardrock discovered that the plumbing and electrical systems in the administrative office needed repairs; issues that had occurred before $1$ October $2020.$ Hardrock spent $$120,000$ to resolve these issues. In July $2022,$ Hardrock paid a construction company $$180,000$ to add two rooms to the administrative office. The driveway leading to the parking lot had to undergo repairs in January $2024$ at a cost of $$30,000$ due to damage from tree roots. In May $2024,$ a severe storm caused damage to sections of the warehouse roof. Hardrock decided to replace the entire roof at a cost of $$150,000$ and installed insulation and air conditioning for an additional $$70,000.$ The storm also damaged a large sign advertising the business, costing Hardrock $$4,000$ to repair. Hardrock decided to relocate its business to New Zealand from $1$ August $2024$ and consequently, on $15$ June $2024,$ entered into an agreement to sell the business premises for $$7$ million. Legal fees associated with the sale amounted to $$25,000,$ and other selling costs totalled $$35,000.$ The settlement date for the contract and depositing $$7$ million into Hardrock$$s bank account is $2$ July $2024.$ Hardrock purchased a forklift for $$50,000$ on $1$ July $2021,$ to be used exclusively for transporting goods around the warehouse. Hardrock claimed a tax deduction for decline in value for the financial year ended $2022$ and $2023,$ using the diminishing value method and calculating based on an effective life of $10$ years. On $1$ July $2023,$ Hardrock sold the equipment for $$30,000$ to Sarah's brother. The market value of the equipment at the time was $$18,000.$

Based on the information provided and assuming Hardrock had a carry forward capital loss of $$80,000$ at $30$ June $2023,$ explain and calculate the net capital gain or capital loss to be included in Hardrock$$s assessable income for the financial year ended $2024$ as a result of the sale of the business premises.