Toto Bobo is an Australian company. Toto Bobo has 4 directors Two are located in Singapore One is located in Monaco, and Edi who is Australian Edi…

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Toto Bobo is an Australian company.

Toto Bobo has 4 directors

• Two are located in Singapore

• One is located in Monaco, and

• Edi who is Australian

Edi has sold the following items

4. An antique sold on 1 May 2018 for $15,000. Edi bought the antique on 31 December 1989 at a cost of $5,000 for personal reasons.

5. Jewellery sold in July 2017 for $5,000. The jewellery was purchased for 29/09/09 for $20,000.

Advise Edi as to the tax implications of each of these disposals and calculate any amounts required to be declared in his tax return.

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