Question: Clare granted a lease on 15 June CY, receiving a lease premium of $47,000. She also incurred non-deductible lease expenses totalling $5,500. For this question, assume Clare also had a carried forward capital loss totalling $5,300 and no other sale of assets for the year. Based on the above facts and relevant tax laws, how should the granting of this lease be treated for tax purposes? (select the best answer) The $47,000 lease premium would be assessable income, the $5,500 non-deductible lease expenses would be excluded, and the $5,200 net capital loss must be quarantined within the capital gains tax regime A net capital gain of $41,700 arises in line with CGT Event A1 and following application of any applicable losses / discounts A net capital gain of $36,200 arises in line with CGT Event F1 and following application of any applicable losses / discounts A net capital gain of $20,850 arises in line with CGT Event F1 and following application of any applicable losses / discounts