Part B
OMG is in a country which has a capital gains tax, conducted the following transactions:
a Purchased a building in February for $ In March the company
spent $ to install solar panels for electricity in the building. The building was
sold for $ in The annual maintenance cost was $ The cost of
advertising the sale of the building and the legal fees amounted to $
b A motor vehicle was purchased for $ million on January The vehicle was sold
in for $ million.
c Bought an antique painting for $ million in The painting was sold in for
$ million.
d Purchased a government bond for $ in and sold it for $ in
The company is entitled to an Annual Exemption of $ Capital losses as of January
were $
Calculate the capital gains tax in assuming a capital gains tax of
