In the 2020-21 financial year, Libby sold a number of assets

1. An investment property purchased in 2014, for $300,000 with the intent to hold as a long-term investment. It produced no assessable income and was resold in June 2021 for $450,000. Costs to acquire the house amounted to $15,000 in addition to selling costs of $10,000. She also renovated the house for $20,000
2. Her family home purchased in 1991 for $110,000. The property was sold for $1,500,000
3. Jewellery purchased for $5,000 in 2005 and sold in June 2016 for $3,000

What is Libbys capital gain for the 2020-21 income year?

$150,000

$105,000

$51,500

$52,500