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Calculate the minimum net capital gain to be include in sila

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Reference no: EM132506054

On 6 October 1994, Sila Taupea, an Australian resident, purchased 7,000 shares in Backslide Ltd for $29,000. -On 15 July 20172018, he sold the shares for $18,000. Sila did not dispose of any other assets during the year, nor did he have any capital losses from previous years.

Question 1: Calculate the minimum net capital gain to be included in Sila's assessable income or capital loss to be carried forward from the 2017/182018/19 tax year.

Reference no: EM132506054

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