under Australian Law

Question 5 (7 marks) Benjamin is an artist. He sold some assets last week. He requests you to calculate the Capital Gain Tax (CGT) consequences of the following transactions: He purchased the following items last eight months ago. an antique ceramic bowl (for $4,000), An antique vase (for $5,000), A colourful painting (for $15,000), A TV sound system for his personal use (for $10,000) and Shares of a reputed Company (for $6,000) Last week he sold these assets as follows: an antique ceramic bowl (for $6,000), An antique vase (for $1,000), A colourful painting (for $5,000), A TV sound system for his personal use (for $9,000) and Shares of a reputed Company (for $26,000) Based on the legal provisions, discuss capital gain tax assets and calculate his net capital gain or net capital loss for the current tax year