Currently, Mr$.$ Don Nkomo is writing his will and has provided you with a list of his assets and how he intends to distribute them. Mr$.$ Nkomo wants to know the capital transfer tax implications if he was dead now. Mr$.$ Nkomo is married with two children.

Details of Mr$.$ Nkomo$$s assets and liabilities were as follows:

$($i$)$ The family house which originally cost P$1,110,000$ in May $2005$ and now has a market

value of P$2,150,000.$ The house was acquired through a mortgage. The balance outstanding

on the mortgage was P$760,000.$ The family house was bequeathed to his wife.

$($ii$)$ A Toyota Prado vehicle which cost P$650,000$ in $2014.$ The market value of the vehicle

was P$370,000.$ The car was bought through a Bank Gaborone car loan and the outstanding

loan was P$150,500.$ The motor vehicle was bequeathed to Samuel

$($iii$)$ Personal belongings and chattels with a total market value of P$165,000$ was bequeathed

to his wife.

$($iv$)$ A life assurance policy of P$935,000.$ The proceeds from the policy is to be shared equally

among his two children.

$($v$)$ A joint bank account with his wife of P$400,000.$ His share of the bank account is

bequeathed to Samatha

$($vi$)$ A Plot in Masunga which has a market value of P$1,200,000.$ The farm will be left to his

two children jointly.

$($vii$)$ A house in Block $6$ originally cost P$960,000$ in March $2003$ and now has a market value

of P$1,400,000.$ The house was acquired through a mortgage. The balance outstanding on the

mortgage was P$560,000.$ The house was bequeathed to his wife

$($viii$)$ A house in Zimbabwe valued at P$1,650,000$ to Moses his cousin domiciled in

Zimbabwe.

$($ix$)$ Furniture and household goods with a total market value of P$60,000$ was bequeathed

to Samatha.

$($x$)$ A Mercedes Benz E$55$ with a market value of P$330,000,$ was bequeathed to the wife.