Since 1997 John and Julia have invested in various Australian shares. Julia acquired the shares in her own name whereas John had his company Smart Solutions Pty Ltd acquire his share portfolio. On 29 June 2022 both Julia and John made a decision to dispose of their Australian shares and the proceeds and purchase prices information are as follows.

Julias share portfolio

Shares	Purchase date	Costs	Proceeds
Mega Mining Ltd	1 April 1997	$8,000	$12,400
Global Media Ltd	10 June 2000	$15,000	$90,000
Watson Tel Ltd	17 May 2013	$34,000	$33,500
Qantas Ltd	8 January 2022	$17,900	$21,000

Smart Solutions Pty Ltd share portfolio

Shares	Purchase date	Costs	Proceeds
Xero Ltd	28 March 2018	$45,000	$62,000
Qantas Ltd	26 June 2022	$21,600	$28,800

Other information

Julia has a capital loss of $600 carried forward from sale of painting during 2018.

Required

1) Advise both Julia and John on the CGT consequences of their share sales.

2) Calculate net capital gains for the 2021/22 tax year. You must provide all methods available for her and choose the best method to minimise net capital gains for Julia and John (Smart Solutions Pty Ltd).