Now that the COVID restrictions have been lifted and people can travel overseas, Kathy wishes to travel to Malaysia to visit her family and friends.

However the airfare has increased dramatically and to fund the cost of the trip, Kathy has to dispose of some of her assets.

The following assets were disposed of by her in the year ended 30 June 2022.

1. She owned a holiday home in Somers a beach side suburb in Melbourne. She bought the property on 26 April 2015 at a cost of $462,000. The stamp duty and legal fees were $28,000. The council rates, insurance and the interest paid on the loan was $37,000. She signed the contract to sell on 28 June 2022, but settlement is not until 28 September 2022. The contract price was $450,000. The reason for the lower than expected price was that people were concerned about soil erosion caused by climate change and the property was right on the beach.

1. She dabbled in cryptocurrency and bought .0683 of a bitcoin for $25,000 on 6 June 2021. She converted it to Ethereum another cryptocurrency on 15 May 2022. The market value of the Ethereum was $28,000 on 15 May 2022.

1. She was gifted 500 shares in NAB by her late grandmother on 19 September 1985. The market value at the date of the gift was $1,750. She sold them on 4 May 2022 for $15,500

1. She had a jet boat which she used when she was down at her holiday home. The boat cost her $9,500 and was bought on 15 April 2020. She disposed of it for $15,000 on 29 June 2022.

REQUIRED: 

Calculate the net capital gain or capital loss for Kathy for the year ended 30 June 2022. In your answer you must show how you have calculated each individual net capital gain or loss for each asset and the overall net capital gain or loss.