Select the correct CGT consequence, meaning will the event give rise to CGT even or not? James is a client of yours who sold some of his art collection by some artists. It consisted of the following artistic works: A painting purchased in December 1988 for $12,000. He sold it on 10 A. Yes, a CGT even has happened and capital gain/loss needs to be December of the current tax year for $8,000. calculated. An antique purchased in September 1992 for $3,000. He sold it on 1 B. No, ignore any capital gain or loss. March of the current tax year for $3,400. A statue purchased in March 1995 for $200. He sold it on 10 August of the current tax year for $15,000. A stamp collection purchased in June 1977 for $250. She sold it on 10 December of current tax year for $1,000 An antique purchased in 10 September 1985 for $700. She sold it on 23 May of the current tax year for $28,000 ho