Stan Hammer worked as a builders apprentice for several years but sadly he has low moral standards. In 2020, just before the Christmas holidays, Stan stole some building products from a building site, including a ready-to-assemble kitchen and some appliances. Stan sold the ready-to-assemble kitchen and appliances to an unsuspecting purchaser for $10,000. At the time, their market value was $35,000. The police recovered the other building products from Stans garage and returned them to their legal owner. Stan was arrested early in January 2021 and is currently unemployed.

Required:

With reference to relevant case law and legislation, briefly discuss the tax implications for Stan arising from the sales of the stolen kitchen and appliances.