-Jenny brought a piece of land on 1 April 2000 for $10,000

-Land is 5,000 square metres

-on 1 April 2021, the land was worth $200,000

-she decided to subdivide the land into 3 sections

-she is a conveyancing lawyer and her husband owns a construction company and he can do earthworks

-after the legal work and earthwork is done, she can sell each land section for $200,000 each

Calculate Jenny's assessable income from the 3 land sections under CB13 of the Income Tax Act 2007 NZ