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OMG is in a country which has a capital gains tax, conducted the following transactions: a . Purchased a building in February 2 0 1
OMG is in a country which has a capital gains tax, conducted the following transactions: a Purchased a building in February for $ In March the company spent $ to install solar panels for electricity in the building. The building was sold for $ in The annual maintenance cost was $ The cost of advertising the sale of the building and the legal fees amounted to $
b A motor vehicle was purchased for $ million on January The vehicle was sold in for $ million.
c Bought an antique painting for $ million in The painting was sold in for $ million.
d Purchased a government bond for $ in and sold it for $ in
The company is entitled to an Annual Exemption of $
Capital losses as of January were $ Calculate the capital gains tax in assuming a capital gains tax of
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