This question has three separate part and each part should be answered

(please show all workings for Part A, B, and C clearly)

Part A - Tina

Tina sold a painting on 1 July 2019 for 500,000. She purchased the painting in February 1997 for 350,000.

She also disposed of a commercial investment property for 310,000 on 1 December 2019 and incurred agency fees of 15,000 on the disposal. She had purchased the property in August 1998 for 200,000.

In addition, she sold an antique vase for 10,000 in January 2020 which had cost her 15,000 in September 2017.

Tina had capital losses brought forward from previous tax years of 15,000. Tinas taxable income for 2019/20 is 50,000.

Calculate Tinas Capital Gains Tax for 2019/20 (8 marks)

Part B Jane

Jane owns shares in ABC Ltd. She acquired 1,500 shares in the company on 31 May 2016 for 20,000, and 500 shares on 30 June 2017 for 10,000. On 7 July 2020 Jane bought a further 200 shares in ABC Ltd for 4,000.

Jane sold 1,000 shares in ABC Ltd on 28 June 2020 for 25,000. She is not an employee of ABC Ltd.

Calculate Janes capital gain on the disposal of the shares on 28 June 2020. (5 marks)

Part C Jerome

Jerome bought a factory in June 2004 for 680,000. In August 2020 wishing to move to a more convenient location, he sold the factory for 800,000. He moved into a rented factory until January 2021 when he purchased and moved to a new factory.

Assuming that all benefit claims are made calculate the base cost of the new factory if it was purchased for

(a) 750,000

(b) 600,000 (7 marks)