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She incurred a capital loss of $500 on collectables. Sold Gamma shares which were purchased on 1 January 2005 at a cost of $6,000 During

She incurred a capital loss of $500 on collectables.

Sold Gamma shares which were purchased on 1 January 2005 at a cost of $6,000

During her years of ownership, she received dividends from the shares totalling $3,000.

Discuss the income tax implications of the above transactions using IRAT method.

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