Required: Assuming none of the transactions give rise to ordinary income, discuss the CGT consequences of the following for all of the named parties. In your answer, ignore any possible application of the small business concessions. i) Amber inherited the following items during February 2018 from her aunt: House A, which had been purchased by her aunt in 2010 for $300,000 and used by the aunt as her main residence. As at February 2018, it was worth $600,000. Amber sold this house in June 2020 for $700,000 House B, which had been purchased by her aunt in 2012 for $400,000 and used by her aunt as a rental property. As at February 2018, it was worth $700,000. Amber sold this house in June 2020 for $900,000. A piece of artwork that had been purchased by her aunt in 1982 for $50,000. Its market value as at February 2018 was worth $400,000. This artwork was destroyed in June 2020, and insurance paid Amber $350,000 due to this. ii) Miriam purchased a house on 1 April 2016 for $400,000 and commenced renting it out immediately. On 1 April 2018, when it was worth $800,000, she moved into it and claimed it as her main residence. She sold it for $900,000 on 1 April 2020. iii) Chris sold his shop to Di and, as part of the agreement, Di paid him $300,000 to not open up a competing shop within a 10 km radius of the existing shop for a period of 2 years. Chris and Di each incurred legal fees of $2000 for setting up this agreement. iv) Kayla opened up a new store on 1 January 2014 and paid the owner of the building, Jessie, a $30,000 upfront payment for entering into the 3-year lease (expiring on 31 December 2017), as well as monthly rent of $4,000. When the 3 years had passed, the lease was renewed for another 3 years, and another premium of $30,000 was paid by Kayla to Jessie.