Calculate the net capital gain / loss for current income tax year (a). Heather is an actuary based in Brisbane. On 1 July of the current tax year she received $20,000 for selling an antique painting (used for private purposes). The sales contract was dated 30 June of the previous tax year. The painting cost $5,000 incurred on 29 June 1985. (b) She sold shares for $10,000 on 30 June. The shares cost $20,000 incurred on 23 July 1988. (c) She acquired a holiday house in Sydney for $100,000 the purchase costs were incurred on 30 June 1986. Other costs were stamp duty of $5,000 and the legal costs to purchase of $500 incurred on 16/7/86. Her costs of running the house included: Interest $30,000, Repairs $3,000. On 24 June 2000 she spent $10,000 on legal costs in defending ownership rights to property, opposing bank foreclosing on the mortgage. On 31 December of the current tax year she sold the house for a contract price of $500,000, but only received $450,000. The balance of $50,000 was unpaid and she did not pursue it. Her advertising costs on sale were $3,000 and the sales commission was $8,000. (d) She sold land for $20,000 on 30 June of current tax year. This was used 100% for private use. The land cost $21,500 and was purchased 24 months ago