Read each question carefully. Follow the suggested word count when you answer each question.

As part of the process of preparing tax documentation for your client Jo, Calculate the minimum net capital gain/loss for the year ended 30/6/2023 from the information provided by Jo below. Show how each asset is treated including any exemption from CGT.

Table 8 Jo's assets

Asset	$ Cost	Date of purchase	Date of sale	$ Sale proceeds
Business car	35,000	1/1/21	15/3/23	37,500
Jewellery	4,500	3/11/18	6/6/23	3,000
House in Parramatta (Jos home)	650,000	3/7/2001	11/9/22	1,800,000
Investment land	150,000	23/5/16	7/3/23	205,000
LCM Shares	2,500	21/10/22	15/2/23	16,500
CLM Shares	10,000	13/11/14	6/8/22	1,500
MCL Shares	7500	22/6/20	15/4/23	5,000
Antique	700	2/5/02	2/6/23	12,000

Table 9 Jo's table

Jo		Collectable	PUA/ Other