Kenji bought a block of land on $1$ March $1997$ for $$23,000$ and sold it on $1$ February of the current

income year for $$15,000.$

On $1$ June CY he sold shares for $$12,000$ which he had bought on $1$ October $1997$ for

$$9,000.$

Kenji also sold a rental property for $$325,000$ on $30$ June of the current income year. He had

purchased the property on $1$ July $1992.$ It had cost $$250,000$ and he had paid stamp duty of $$7,680$

two months later. Kenji had borrowed money to buy the property and had also paid stamp duty of

$$600$ in respect of the loan.

Two months after buying the property Kenji had to repair three windows at a cost of $$1,000.$ The

windows had been damaged when he bought the property but Kenji had been unable to get a

workman to the house before that time. Two years later Kenji had repaired the roof at a cost of

$$3,400$ after it had been damaged in a storm.

The property had been rented for the entire period of Kenji's ownership and he had paid interest at

$$3,000$ per year and rates and taxes of $$2,000$ a year for each year of ownership. The interest was

paid quarterly on the first day of each quarter and the rates and taxes were paid on $1$ September of

each year.

In each year Kenji's other income was $$20,000$ dividend franked to $100\%$ and rent of $$13,000.$ The

dividends had franking credits of $$8,571$ attached to them.

Calculate Kenji's net tax payable including Medicare levy for the current income year