Ivan, an Australian tax resident is employed as an electrician. He plans to travel to Brazil for 2 years and have decided to sell some of his assets to fund his trip. The following were the transactions made by Ivan.

Assets acquired	Purchase cost	Acquisition Date	Disposal date	Sale price
A Ltd shares	$6,000	30 July 1985	20 December 2015	$23,000
B Ltd shares	$4,300	30 July 2013	24 July 2015	$5,000
C Ltd shares	$2,000	11 April 1987	24 March 2016	$2,250
D Ltd shares	$3,000	4 January 2009	2 June 2016	$1,200
Painting	$5,000	10 March 1998	20 June 2015	$6,000
Jewellery	$4,000	30 May 1997	16 June 2016	$2,300
Rare hunting rifle	$2,000	3 May 1997	18 January 2016	$8,000
Toyota Camry (Ivans car)	$30,000	8 March 1999	1 May 2016	$21,000
Flat (Ivans home)	$180,000	28 August 1995	25 June 2016	$310,000
Home furniture	$14,000	13 October 2002	6 February 2016	$12,000
Holiday apartment	$120,000	15 April 1988	5 November 2015	$190,000

Ivan had $2,500 of capital losses carried forward from 2015/16 which are related to shares.

Required:

Compute Ivans net capital gains/ loss to be included in his 2015/16 assessable income using the discount method. Please cite the relevant sections of the Act or case law