Scutty Marrison lives in Frankston, Melbourne. In January 2022, he receives a job offer to work in Indonesia for the next 3 years and decides to accept it.

Prior to moving, Scutty decides to dispose of the following assets:

1. His investment property for $600,000. Scutty's constructed his investment property on 1 September 2000 at cost of $60,000on a block of land which he purchased on 1 February 1984. The land value at the time of constructing the investment property was $120,000.
2. A piano. The piano was purchased on 1 September 2010 for $12,000 and sold on 31 December 2021 for $5,000.
3. His bank shares. His shares were bought on 1 December 2018 for $32,000 and sold on 1 May 2022 for $16,000.
4. His private townhouse. He bought his home in February 2018 for $600,000 and has been living in it since then. He sold it on 1 June 2022 for $900,000.

Scutty also had capital losses from a previous year for the sale of an antique piece of artwork for $2,000.

Calculate Scutty Marrison's net capital gain for the year ending 30 June 2022. You must support your answer with relevant legislation and show full calculations.