a$)$ Eliza Jones During $2018/19,$ Eliza made the following capital disposals: $15$ October $2018,$ disposal of a painting for $5,800.$ The painting had been purchased in May $2015$ for $2,700.6$ November $2018,$ disposal of three acres of land for $31,000.$ Eliza had originally purchased ten acres of land for $62,000$ in June $2014.$ The market value of the remaining seven acres on $6$ November $2018,$ was $85,000.28$ January $2019,$ sale of $6,0001$ ordinary shares in Tree Ltd to her brother for $46,000.$ The market value of the shares on that date was $62,500.$ Eliza bought the shares on $31$ March $2012$ for $20,900.$ Eliza has never worked for Tree Ltd$.2$ March $2019,$ disposal of a building for $575,000.$ The building had always been used in Eliza$$s business and is commercial property. It had been purchased for $325,000$ in April $2016.$ Eliza has other taxable income of $29,500.$ REQUIRED $($i$)$ Calculate Eliza$$s Capital Gains Tax payable for $2018/19.(12$ marks$)($ii$)$ In June $2019,$ Eliza intends to buy a new building for use in her business for $500,000.$ Explain how using rollover relief could reduce the capital gains tax that Eliza owes for $2018/19.$ b$)$ Mr Brown Mr Brown died on $1$ March $2019.$ On the date of his death, he owned the following assets: $$ A house in Cambridge worth $575,000$ subject to an outstanding mortgage of $100,000.$ A life insurance policy with proceeds payable on Mr Brown$$s death of $320,000.10,000$ shares in MM Ltd$,$ an unquoted investment company. On $1$ March $2019$ these shares were valued at $413$p each. $500$ acres of land worth $700,000.$ During his lifetime, Mr Brown made the following gifts: $18$ June $2009,$ a gift of $8,000$ to his daughter on the occasion of her marriage. $28$ July $2012,$ a gift of $250,000$ to a trust. $10$ August $2014,$ a gift of $10,000$ to his friend Eleanor. Mr Brown was not married and left his estate as follows: $10,000$ to RSPCA $($a registered charity$)$ House and personal chattels to nephew REQUIRED Calculate the amount of Inheritance Tax payable as a result of Mr Brown$$s death.