Adele is an Australian resident individual who does not carry on a business. During the current income tax year, she made:

- a capital gain of $100,000 from the sale of land that she owned for seven years

- a capital loss of $10,000 from the sale of shares that she owned for five years.

 

Adele also has prior year carry forward capital losses that total $30,000 from the sale of shares.

What is Adele's assessable net capital gain for the current income tax year?

A $15,000

B $30,000

C $45,000
D $60,000