Question 1:

William, a resident Australian taxpayer, acquired the following assets on the following dates:

Transaction	Asset	Purchase Date	Purchase Price
(i)	Honda CRV Sports Wagon	17 March 2012	$45,500
(ii)	5,000 CSR Ltd shares @ $1.80 each	21 January 2001	$9,000
(iii)	1,000 BHP Ltd shares @ $13.20 each	5 May 2021	$13,200

Needing to pay for his wedding, William sells the following assets on 20 April 2022:

Transaction	Asset	Sale Date	Sale Proceeds
(i)	Honda CRV Sports Wagon	20 April 2022	$18,300
(ii)	5,000 CSR Ltd shares @ $4.60 each	20 April 2022	$23,000
(iii)	1,000 BHP Ltd shares @ $24.80 each	20 April 2022	$24,800

William advises you that he has carry-forward capital losses of $5,000 relating to the sale of some ANZ Limited shares which he previously owned in 2016.

Assume that William wishes to minimise his taxable income.

Required:

Calculate William's gross capital gain or loss in respect of the sale of each of the three abovementioned assets.

Calculate William's overall net capital gain which needs to be included at Item 18 of his income tax return as part of his assessable Income.