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Maria is an investor aged 68 and over the years has acquired and disposed of a number of assets. She has kept records of all
Maria is an investor aged 68 and over the years has acquired and disposed of a number of assets. She has kept records of all these transactions. During the year ended 30 June 2022, Maria disposed of several assets. As a result of these disposals, she made a number of capital gains and losses: Lost his trailer parked outside the house (cost \$5,500) purchased on 14/06/2022. She also received $350 on a disposal of her old Aluminum windows during the year. She has donated her 110 years old Piano to a museum, market value of Piano is $48,500 which she received from her grandmother as her wedding present. All assets, other than the land, had been owned by Maria for more than 12 months and had been icquired since December 1999. Required: Calculate the net capital gains that Maria should include in her tax return for the year ended 30 June 2022 and any losses that can be carried forward to future years.. Maria is an investor aged 68 and over the years has acquired and disposed of a number of assets. She has kept records of all these transactions. During the year ended 30 June 2022, Maria disposed of several assets. As a result of these disposals, she made a number of capital gains and losses: Lost his trailer parked outside the house (cost \$5,500) purchased on 14/06/2022. She also received $350 on a disposal of her old Aluminum windows during the year. She has donated her 110 years old Piano to a museum, market value of Piano is $48,500 which she received from her grandmother as her wedding present. All assets, other than the land, had been owned by Maria for more than 12 months and had been icquired since December 1999. Required: Calculate the net capital gains that Maria should include in her tax return for the year ended 30 June 2022 and any losses that can be carried forward to future years
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