Taxation Question $3$

On $1$ June $2023,$ Barca Ltd acquired $100,000$ shares $(25\%)$ of Mallorca Ltd for $$4\mathrm{.}5m.$ Prior to the

acquisition on $1$ June $2023,$ Barca Ltd owned $40,000$ shares $(10\%)$ of Mallorca Ltd$.$ Barca Ltd has a

financial year ending December $31.$

On $1$ April $2025,$ Barca Ltd sold $20,000$ shares to Real Ltd for $$1\mathrm{.}5m.$

Assuming Barca Ltd qualifies for M&A allowance at the time of acquisition, determine the amount of

M&A allowance for YA $2024$ to YA $2028.$