Michelle owns shares in several companies. During the year, Michelle sold the following parcels of shares:

1.Purchased 1/1/2009 Shares in ZYX Pty Ltd for $13,000 (including broker fees) and sold these shares on 1/1/2022 for $23,000. Since 2009 bank interest of $3,900 has been paid on the loan to purchase these shares. The shares held paid dividends each year.

2.Purchased 1/1/2011 Shares in WV Pty Ltd for $15,000 (including broker fees) and sold these shares on 1/1/2022 for $18,000.

3.Last year Michelle realised a capital loss of $3,000 from selling an antique and opuld claim losses relating to the previous year.

REQUIRED:
Calculate Michelle's net capital gain for the June 2022 year and justify your answer using legislation and case law where applicable.