Over the last 6 months, Rohan acquired the following assets: an engagement ring which cost $5,000 a ceramic antique vase (for $3,000), a painting (for $8,500), a Television (for $15,000), Australia...


Over the last 6 months, Rohan acquired the following assets:



  • an engagement ring which cost $5,000

  • a ceramic antique vase (for $3,000),

  • a painting (for $8,500),

  • a Television (for $15,000),

  • Australia Bank’s shares (for $5,000).



Last week he sold these assets as follows:



  • an engagement ring which cost $6,000

  • a ceramic antique vase (for $1,000),

  • a painting (for $2,500),

  • a Television (for $11,000) and

  • Australia Bank’s shares (for $25,000)



Calculate his net capital gain or net capital loss for the year.



Jun 03, 2022
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