Marc & Kent operate a vineyard as partners. The partnership trades under the business name Victor Estate. Victor Estate has prepared a general ledger for the 2023 income year showing the following balances: Capital Gain on sale of land $500,000 (calculated as capital proceeds less cost base) Dividend (fully franked) $14,000 Income from trading $650,000 Victor Estate is ineligible for any small business concessions. What is the assessable income of Victor Estate in respect of the 2023 income year?

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