Calculate The Capital Gains Tax due on the following disposal and select the correct amount from the list below:

Ashley disposed of a buy-to-let property for $210,000 on 1 September 2020.The solicitors and agents fees on the sale amounted to $1500 . He acquired the house in 2005 for $80000, incurring solicitors fees of $500 . He Carried out a full renovation of the property costing $24000.

Ashely had employment income for the 2020/21 tax year of $50,000.

1. $10,400
2. $20,800
3. $25,676
4. $16,506
5. $29,120

Subject is Financial management and Planning or personal financial planning