Amanda is an Australian individual taxpayer. During the 2021-22 income year, she sold the following assets as set out in the below table. Polly has always held shares as a passive investor (i.e., she is not a share trader).

Asset	Date of purchase	Cost	Date of Sale	Sale Proceeds
Shares in Strawberry Ltd	1 September 2012	$4,000	30 April 2022	$11,000
Shares in Mandarin Ltd	1 June 2016	$8,000	30 March 2022	$3,000
Shares in Melon Ltd	1 July 2021	$5,000	30 October 2021	$8,000

Assume there are no other costs associated with the purchases or sales of the shares. These are the only transactions that impact on the 2021-22 income year.

What will be Amanda's net capital gain, assuming she wishes to minimize her assessable income for the 2021-22 income year?

Answer rating: 100% (QA)

To calculate Amandas net capital gain for the 202122 income year we need to determine the ... View the full answer