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Maree Weston, an Australian resident taxpayer, sold shares in her investment portfolio on 12 March 2021.
The acquisition dates, costs and sale proceeds are shown in the table below.
| | Company | Acquisition date | No. shares | Cost | Capital proceeds |
| #1 | Carlton Ltd | 05/07/2007 | 1,500 | $3,810 | $4,642 |
| #2 | Essendon Ltd | 22/05/2020 | 3,100 | $4,960 | $6,224 |
| #3 | Gelong Ltd | 18/08/1989 | 6,250 | $5,000 | $6,846 |
| #4 | Hawthorn Ltd | 12/09/1985 | 3,565 | $6,417 | $6,916 |
| #5 | Richmond Ltd | 02/10/2018 | 1,963 | $7,852 | $6,358 |
The costs include brokerage costs and any applicable stamp duty. There were no brokerage costs on sale.
Maree has the following unapplied net capital losses from the 2019/20 income year:
- $340 arising from the sale of shares
- $400 arising from the sale of a collectable
Determine the capital gain tax consequences of selling shares for an Australian resident individual
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