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Kim purchased a rare painting for $400 on 1 July 2010 and sold it for $4,800 on 1 July 2019. What is the minimum assessable

Kim purchased a rare painting for $400 on 1 July 2010 and sold it for $4,800 on 1 July 2019. What is the minimum assessable capital gain on the painting to be included in her tax return for 2019/2020? a. $0 b. $2200 Please refer to Chapter 4 Capital Gains c. $4400 d. None of the above

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