Lam Harrington, a $62-$year$-$old South African resident, plans to emigrate to New Zealand on $15$ December $2023$ after he and his family went through a traumatic experience when they were hijacked and brutally injured. Below is a list of Lam$$s assets and the market value of these assets on the date of emigration. Lam will sell the rest of his assets at a later stage once they have settled into their new residence in New Zealand.

$1.$ Lam$$s primary residence was initially acquired for R$2300000$ in $2010.$ Lam also paid transfer duties of R$150000.$ Liam indicated that he put in a swimming pool at a cost of R$120000$ in $2019.$ Lam also made repairs to the house over the years amounting to R$200000.$ Lam sold the house on $31$ December $2023$ for R$3100000.$ The market Value at $14$ December was $3000000$

$2.$ Lam owned a flat that he purchased in $2015$ for R$1500000.$ He decided to sell the flat to his mother on $14$ December $2023$ for R$1600000.$ The market value at $14$ December was $1800000$

$3.$ Lam purchased a Ford Ranger bakkie in $2015$ for R$800000.$ Market Value at $14$ December $400000$

$4.$ Lam bought a $9-$metre speedboat for R$400000$ for recreational purposes in $2018.$ Market value at $14$ December was $350000$

$5.$ Lam bought Krugerrands in $2012$ for R$250000.$ Market value at $14$ December was $480000$

$6.$ In $2014$ Lam bought $20000$ listed shares in Absolute Adventures Limited for R$300000.$ Liam held these shares as a long$-$term investment. Market value a $14$ December was $500000$

Required

Calculate the taxable capital profit or loss to be included in Lam Harrington$$s taxable income for the $2024$ year of assessment.