Question 5 (CGT) Jacquie is a resident of Australia for taxation purposes. In which of the following situations would she be mostly likely to have a capital gain or capital loss under the taxation legislation assuming all the sales took place in the 2018 income year? 1) Sale of a Motor bike for $15,000. The bike was acquired for $10,500 in 2008. 2) Sale of a refrigerator for $8,000 which was acquired for $11,000 in 2012. 3) Sale of a painting for $5,000. The painting was acquired by Jacquie on the death of her mother who died on 4 June 2010. Her mother had purchased the painting for $200 in 1993. 4) Sale of artwork for $800 where it was purchased by Jacquie for $560 in 1987. 5) Sale of her home for $500,000 in June 2018 where the person had lived in the home for the whole period of ownership.