QUESTION 4.9 (Gains and losses, treatment of different classes of losses) During the 2021/22 tax year, Bob Moray, a resident taxpayer, sold various assets that realised capital gains and losses as follows: Gain on sale of shares $ 50,000 Loss on sale of jewellery 790 Loss on sale of snooker table 1,280 18 Loss on sale of land 10,000 Prepare Tax Documentation for Bob also had capital losses from previous years of $5,000 from the sale of shares and $3,000 from the sale of artworks. In each case, the relevant Individuals (2022) Supporting minimum cost thresholds have been exceeded. Any gains are subject to Resources discounting as they were purchased in 2000 or later and were held for at Peter Baker, Geoff Cliff & Sonia Deaner least 12 months. 18th Edition, January, 2022 Calculate the minimum net capital gain that Bob is required to include as ISBN: 978-1-76073-241-7 assessable income for the 2021/22 tax year. Calculate any capital losses that Bob is able to carry forward to offset against capital gains in future years