Sam Sung is a New Zealand tax resident. He is a share dealer. Sam owns some shares in New Zealand companies. He also owns shares in foreign companies which, on 1 April 2022, have a market value of $166,000. You understand all the shares have been acquired since 1 January 2010 and that all the holdings are less than 10% of the relevant companies. As at 1 April 2022, the portfolio of foreign companies comprises: shares in publicly listed companies in Singapore, Hong Kong and Malaysia (hereafter referred to as the 'Asian companies') which cost $40,000 and have a market value (as at 1 April 2022) of $88,000; shares in Australian resident companies listed on the Australian Stock Exchange (ASX) (hereafter referred to as the 'listed Australian companies') with a cost of $68,000 and a market value (as at 1 April 2022) of $78,000; You are advised that Sam has undertaken the following transactions: (a) Purchase of additional shares in a Malaysian company (March 2022). The additional shares in this company cost $4,000. (b) Purchase of shares in an Australian resident company listed on the ASX (May 2022). The shares in this company cost $16,000. (c) Sale of