Collectables or personal use assets

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Question 2 Are the following: CGT assets, collectables or personal use assets. Are any exempt? (a)       An engagement ring which cost $5,000? (b)      A second-hand car purchased for $2,000? (c)       Shares in BHP? (d)      Your home? (e)       A painting hung in the foyer of your accounting ?rm? (f)       A holiday house at Byron Bay? (g)      Your motor home?(h)      Your stamp collection which cost $4,000?(i)       A horse that you paid $9,000 for?(j)       A watch that cost you $490?

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