On 10 September 2019, Steven purchases a 10-year annuity from the "Gold Ltd" (GL). Under the agreement, Steven pays a lump sum amount of $1 million, and in return GL would pay her $24,000 per year over and above Steven's $1 million investment. On 16 September 2021, Steven sells the right to receive the annual payments to Ben for $210,000.

Required: Advise Steven of the income tax consequences on receipt of $210,000 from Ben. Cite relevant legislation and cases in support of your answer.