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(c) Mike sold a picture on 1 February 2020 for 6,900. He had acquired it on I March 2004 for E3.200. Calculate the chargeable gain arising on the disposal. (2 marks) (d) Which of the following disposals are exempt from, and which are chargeable to, capital gains tax? (1) Gift of a necklace which was bought for 4,000. Its market value at the date of gift was 7.000 (2) Sale of shares in a quoted tradinq company for 2,000 which were bought for Cl ,OOD. (3) Sale of a motor car, for E5,OOO, which was used for business purposes. 'twas acquired for E6,ooo (4) Sale of a boat for20,000, which was acquired for El 5.000. (5) Sale of a painting for 5,000, which was acquired fore 1000 (5 marks) (e) John bought a house on 1 January 2006 for 200,000. The house was sold on 1 January 2029 for E584,gCO. From I January 2009 to the date of sale, John let Out a third Of the house. Compute the chargeable gain arising on the disposal of house, (6 marks) (f) In July 2010, Sandy bought an Oil painting for In October 201 the painting was damaged by fire. In February 2020. Sandy received compensation from her insurance company of 30,000, Sandy spent none Of the insurance money on restoration and the damaged painting was valued at 220,000 in February 2020. Compute the chargeable gain arising on receiving compensation from insurance company and the allowable expenditure of painting in February 2019. (4 marks) (Total 25 marks)