JK, an entity operating in Country X, purchased land on 1 March 20X6 for $850,000. JK incurred purchase costs of surveyors fees $5,000 and legal fees $8,000. JK spent $15,000 clearing the land and making it suitable for development. Local tax regulations classified all of JKs expenditure as capital expenditure. JK sold the land for $1,000,000 on 1 February 20X9, incurring tax allowable costs of $6,000. Tax is charged at a rate of 25%. No indexation is allowable on the sale of land. Calculate the capital tax payable by JK on the disposal of the land.