Jennys share portfolio for 2022 FY. Shares Purchase Date Costs Proceeds ...
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Accounting
Jennys share portfolio for 2022 FY.
| Shares | Purchase Date | Costs | Proceeds |
| Mega Ltd | 1 April 1997 | 8000 | 12400 |
| Global Ltd | 10 June 2000 | 15000 | 90000 |
| Watson Ltd | 17 May 2013 | 34000 | 33500 |
| Qantas Ltd | 8 January 2022 | 17900 | 21000 |
Jenny has a capital loss of $600 carried forward from sale of painting during 2018.
Required:
Calculate net capital gains for the 2021/22 tax year using Indexation Method and CGT Discount Method to calculate the best outcome to minimize net capital gains for Jenny.
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