G$,$ an individual, sold $1,000$ shares of Need Ltd$.$ for $$8,000$ early in the current year. The adjusted cost base of the $1,000$ shares sold was $$24,000.$ Two weeks later, the value of Need Ltd$.$ started rising and G purchased $700$ shares which he still owns at the end of the year. What is the amount of the$$allowable capital loss? Assume that G has total capital gains less than $$250,000$ for the year.