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On 1 July 2000, Genevieve purchased a property in Sydney for $300,000 Her intention was...

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Accounting

On 1 July 2000, Genevieve purchased a property in Sydney for $300,000 Her intention was to use it for income-producing purposes and it was Immediately made available for rent. It remained available for rent until it was sold. She sold the property on 31 December 2019 for $600,000.

Required: Based on this information, calculate the Net Capital Gain, if any, to be included in Genevieve's assessable income for the year ending 30 June 2020

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