Question 1: 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	1/5/07	31/12/19	350000
Motor Vehicle	25000	30/8/11	24/2/20	27000
Painting	8000	10/3/14	19/7/19	12900
Antique Furniture	18400	25/12/92	1/6/20	26300
Antique Vase	400	17/3/96	3/9/19	1300
Stereo System	16000	8/5/97	16/6/20	5100
Shares Broken Ridge Mining NL	8000	16/4/05	25/5/20	2500
Shares Rock Solid Bank Ltd	8000	16/04/17	25/5/20	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

Total Collectables	$ Answer for part 1
Total Personal and Other Use	$ Answer for part 2
Total Other Method and Indexed	$ Answer for part 3
Net Gain before Discount	$ Answer for part 4
- Discount	$ Answer for part 5
= Net Capital Gain	$ Answer for part 6