Robin Hood, aged 55 years, a resident of the republic, enjoyed the following gains and suffered the following losses on the disposal of some of his assets during the 2020 year of assessment: Gains - A gain of R180 000 on the disposal of a rent producing property that he held as an investment - A gain of R40 000 on the disposal of 400 shares in Y Limited that he held as trading stock. - A gain of R5 100 on the disposal of an antique. Robin Hood collects antiques. He does not deal in antiques. He disposed of this particular antique because he had recently purchased a similar, but even older, and more valuable antique. - A gain of R1 900 on the disposal of a Krugerrand. He had purchased this Krugerrand as a hedge against inflation. - A gain of R2 120 000 on the disposal of his primary residence. He had purchased it for R1 370 000. He sold it for R3 490 000. 4 - A gain of R17 000 on the sale of his 12-metre yacht. He disposed of this yacht because he had recently purchased a new, faster yacht. Robin Hood sails his yacht over the weekends and on public holidays as a form of relaxation. - A gain of R3 900 on the disposal of an original painting. Robin Hood deals in original paintings. Losses - A loss of R49 500 on the disposal of 50 000 shares in Summer Limited. He had purchased these shares as a long-term investment. - A loss of R1 000 on the disposal of his cell phone. Robin Hood had used this cell phone for both business purposes (to the extent of 60%) and private purposes (to the extent of 40%). His employer granted him an allowance to cover the cost of the business use of his cell phone. Robin Hood has an assessed capital loss of R9 500 to bring forward from the 2019 year of assessment. Required Calculate the taxable capital gain to be included in his taxable income for the 2020 year of assessment.

Provide brief reasons to support your calculations.