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Part A (10 marks) During the financial year 2021/2022, Michael Super made a capital gain of $90,000 on the sale of his shares in a
Part A (10 marks) During the financial year 2021/2022, Michael Super made a capital gain of $90,000 on the sale of his shares in a compary and a $20,000 capital gain on the sale of his units in a trust. Assume either of these gains is a discount capital gain or eligible for the small business concessions. He also made a 'capitd losses of $34,000 on the sale of his apartment, and he has a het capital loss' carried forward from the previous year of $33,500. a) What is George's net capital gain for 2021/20227 Show working. (6 marks) b) How much should be included in his assessable income under s102-5? Show working (4 marks)
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