Patel is planning to permanently move to the USA. He has only two residences which he wishes to dispose of in 2021. He is single and ordinarily inhabits each of the residences for several months each year. He has never used her principal residence exemption since purchasing these properties. The following information relates to the proposed 2021 disposition. Residence Date of purchase Cost Selling price Selling expenses City home. 2006 $180,000 $240,000 $12,000 Cottage 2011 90,000 164,000 $6,000 "Selling expenses are not included the selling price. Required: Patel has asked you to calculate the minimum amount of taxable capital gains that he will have to report in 2021