Currently, Mr. Don Nkomo is writing his will and has provided you with a list of his assets and how he intends to distribute them. Mr. Nkomo wants to know the capital transfer tax implications if he was dead now. Mr. Nkomo is married with two children. Details of Mr. Nkomo's assets and liabilities were as follows: (xi) A Plot in Masunga which has a market value of P1,200,000. The farm will be left to his two children jointly. (xii) A house in Block 6 originally cost P960, 000 in March 2003 and now has a market value of P1,400,000. The house was acquired through a mortgage. The balance outstanding on the mortgage was P560,000. The house was bequeathed to his wife (xiii) A house in Zimbabwe valued at P1, 650, 000 to Moses his cousin domiciled in Zimbabwe. (xiv) Furniture and household goods with a total market value of P60, 000 was bequeathed to Samatha. (xv) A Mercedes Benz E55 with a market value of P330, 000, was bequeathed to the wife