Fung Wo purchased vacant land on a remote island off the coast of British Columbia on January 1, 20X2 for $50,000. She intended to re-sell it for a profit the next year but due to an oil spill, property values dropped. She was finally able to sell the vacant land for $45,000 on December 31, 20X5. In the meantime, she paid property taxes of $500 each year. For 20X5 tax purposes, Fung Wo has:

	A.	An allowable capital loss of $2,500
	B.	An allowable capital loss of $3,500
	C.	A net business loss of $5,000
	D.	A net business loss of $7,000