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Question 1 Bella Neal wins a seat in Parliament and transfers to Canberra. Before moving, Bella sold the following assets:Item($) Purchase Price ($) Sale Price Vacant Land 200,000 220,000 Plasma TV 10,500 5,500 Painting 150 4,500 Antique Sideboard 2,000 1,600 Boat 11,700 19,900 All assets were purchased on 1 July 2000 and sold on 30 June 2013. There are no other relevant transactions affecting her taxable income for the tax year ending 30 June 2013. Required:Calculate Bella’s Net Capital Gain.
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