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(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 trading company for 2,000 which were bought for 1,000. (3) Sale of a motor car, for 5,000, which was used for business purposes. It was acquired for 6,000 (4) Sale of a boat for 20,000, which was acquired for 15,000. (5) Sale of a painting for 5,000, which was acquired for 1,000 (5 marks) (e) John bought a house on 1 January 2006 for 200,000. The house was sold on 1 January 2029 for 584,900. From 1 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) (0) In July 2010, Sandy bought an oil painting for 150,000. In October 2019, 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)