Randy, an Australian resident, changed his j transferred to Sydney. Before moving, he sold the following assets: Item Price an essay style answer Time left 1:06:44 Home $600,000 Antique Clock Stamp $800 Bed and Mattress Rented Apartment $645,000 Purchase Price $500,000 $450 $1000 $12,000 $ 595,000 Sale $3,450 $2,000 All assets were purchased on 3 July 2021 and sold on 30 June 2022. He has been sleeping comfortably on the bed and mattress since it was purchased, but now it's time to get rid of it. Required: Explain the law applicable to each of these items that were sold Then calculate the total amount, if any, to be included in his assessable income from these CGT events?

Randy, an Australian resident, changed his j transferred to Sydney. Before moving, he sold the following assets: All assets were purchased on 3 July 2021 and sold on 30 June 2022. He has been sleeping comfortably on the bed and mattress since it was purchased, but now it's time to get rid of it. Required: Explain the law applicable to each of these items that were sold Then calculate the total amount, if any, to be included in his assessable income from these CGT events