Amir purchased a stamp collection with the value of $3,000 on 31 March 1988. On the same day, he paid $200 for the lifelong insurance of this collection. This collection was sold on 20 March current year for $15,000. The company chose not to index. Required: Is this gain subject to any capital gain tax? If yes, how much is the capital gain? Are there any offsets/Discounts applicable for Amir? What is the reason for discount? (No law section number or cases are required to be mentioned)

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