Gidimadjor ltd, a Hotel Business realized 15% gain on sales of its land. The accountant approached you for explanation on the treatment of the Gain in furtherance to the Income Tax Act 2015 Act 896 & Act 2016 Act 924.

i. explain the treatment of the above Gain to the accountant of Gidimadjor ltd.

ii. calculate the capital gain tax payable by Gidimadjor. ( ignore exempt amount)

note: use the Ghana tax laws