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Keith had to move house to Sydney to look after his sick grandparents.Before moving, Keith sold the following assets: ItemPurchase PriceSale Price Antique Teapot$12,000$11,500 Cake
Keith had to move house to Sydney to look after his sick grandparents.Before moving, Keith sold the following assets:
ItemPurchase PriceSale Price
Antique Teapot$12,000$11,500
Cake Maker$10,100$15,000
Vacant Property$327,000$207,000
Main Residence$3,190,000$2,080,000
Abstract Sculpture$700$22,000
Rental Property$250,000$379,000
All the assets were purchased on 1 September 2010 and sold on 30 June 2020.
Required: Calculate the total amount, if any, to be included in Keith's assessable income from these CGT events?
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