Practice Question No$.3$:

Mr$.$ L realized a Capital loss of $35,000$ on disposal of a Building in January $2025.$ His other incomes and gains include:

$\backslash$table$[[$Income & Gains,$\frac{2022}{23},\frac{2023}{24},\backslash$table$[[2024/25($Death$],[$Year$)]]],[$Trading Income,$10,000,35,000,35,000],[\backslash$table$[[$Employment$],[$Income$]],38,000,15,000,20,000],[$Capital Gains,$10,000,20,000,20,000]]$

Required: Quantify Tax benefit due to Capital Loss