The following is a summary of share transaction extracted from the financial records of Tom Taylor. The following purchases of shares were made over a period of over 30 years in Aviva Limited. Date shares bought Cost(Pula) 28/5/90 15,000 18,000 8/11/92 10,000 16,000 10/02/95 20,000 40,000 18/07/98 30,000 34,500 20/01/02 13,000 39,650 11/12/09 18,000 73,980 22/05/11 24,000 75,600 14/03/16 50,000 138,500 26/04/17 20,000 140,200 17/10/20 26,000 54,600 26/01/21 40,000 225,200

In addition to the purchases made above Tom Taylor also received bonus shares on 01July 2020.Tge company made bonus issue of 2 shares for every 5 shares held. On the 30 November 2020, Tom Taylor received an offer for his shares in Aviva Limited which he found too good to turn down. As a result he sold 300,000 shares for P4,050,000. REQUIRED Compute the chargeable gain and the tax liability for Tom Taylor after disposal of his shares (10marks)