Net Gain before Discount, Discount and Net Capital Gain.

The informaion is based on Australian Tax Legislation

Ned Una, a resident taxpayer, sold the following assets during the 2021/22 tax year.

ASSET	COST BASE $	ACQUISITION DATE	DISPOSAL DATE	SALE PRICE $
Investment Property	120000	1/5/09	31/12/21	350000
Motor Vehicle	25000	30/8/13	24/2/22	27000
Painting	8000	10/3/17	19/7/21	12900
Antique Furniture	18400	25/12/92	1/6/22	26300
Antique Vase	400	17/3/96	3/9/21	1300
Stereo System	16000	8/5/97	16/6/22	5100
Shares - Broken Ridge Mining NL	8000	16/4/06	25/5/22	2500
Shares - Rock Solid Bank Ltd	8000	16/04/19	25/5/22	11200

The parcels of shares each incurred $80 of selling expenses on disposal.

Ned has $3000 of capital losses from previous years, these relate to the sale of jewellery.

Determine the Net Capital Gain

(Tips:

• Check both indexed and discount methods where available
• It is generally preferable to apply a capital loss against an indexed gain, rather than a discounted gain, as the full capital loss is maintained)

Total Collectables	$ ?????
Total Personal and Other Use	$ 227540
Total Other Method and Indexed	$ 0
Net Gain before Discount	$ ???
- Discount	$ ???
= Net Capital Gain	$ ????