Rose has a garage sale at her home, and on 5 May 2019 sold the following items. For which of the following transactions would she be liable for capital gains tax?

(i) Sale of a HD television for $2,000, given to her by a friend for nothing in November 2018.

(ii) Sale of a 2011 Kawasaki motor cycle for $18,000, acquired for $10,500 in 2014.

(iii) Sale of a piece of jewellery for $2,900 given to her by her mother in 1981 and valued at $600.

(iv) Sale of a painting for $5,000. The painting was inherited from her late father who died on 20 June 2008. Her father purchased the painting for $400 in 1993.

Select one:

a. (i), (iii) and (iv)

b. (iii) and (iv)

c. (iii) only

d. (ii), (iii) and (iv)