Betty Bay purchased a plot of land three years before valuation date $(1$ October $2001)$ for R$810000.$ She sold the plot of land $19$ years after valuation date for R$690000.$ The market value of the plot of land was R$1030000$ on $1$ October $2001.$ No deductions or capital allowances in the determination of Betty Bay's taxable income were enjoyed by her on the plot of land. The proceeds of R$690000$ were not included in her gross income.You can assume that the time$-$apportionment base cost of the plot of land was R$793636.$

REQUIRED:

Discuss the capital gain or loss consequences for Betty Bay that arise from the purchase and sale of the plot of land