In the 2020-21 tax year brian sold a painting from his collection. He had purchased the painting for $100,000 in 2011 and sold it for $1.1million in April 2021. This was brains only CGT event of the tax year, brian has a carried forward the loss of $400,000 from the sale of collectables from the previous tax year. What is brians net capital gain for the 2022-21 income year