Papa Dekey purchased a house in Madina area of Greater Accra Region in year 2010 for GH¢400,000. The acquisition expenses incurred by the company amounted to GH¢50,000.
In June 2019, Papa Dekey sold the house for GH¢700,000 while the incidental expenses incurred were as follows:

Papa Dekey also sold for GH¢1,000,000 in September 2019, Ghana Government Securities which cost GH¢800,000 in the year 2010. The incidental selling expenses amounted to GH¢50,000 in respect of Government Securities.

Required:
Compute the Capital Gains Tax payable by Papa Dekey. (5 marks)

a) Mamavi Dekey (Mamavi) purchased a land in Ho in the Volta Region for a cost of GH¢200,000 in the year 2010. In 2011 she spent GH¢8,000 for grading the land. In March, 2019 she spent another GH¢10,000 to reshape the land with the intention to sell it. Mamavi engaged Kobina Ebo, a Valuer, in June, 2019 to value the land and he charged GH¢2,000. In July, 2019, she placed an advert at ‘Ho Bankoe FM’ on the sale of the land and paid GH¢1,000. In October, 2019 she sold the land through an agent for GH¢300,000 to Kalika and the agent commission was 2% of the sale value. Mamavi also paid GH¢600 for stamp duty and legal permit for conveyance of the land to Kalika.
Required:
Compute any tax payable.                                                                                                                                                   (5 marks)

b) An individual may realise an asset on the death of another person, by way of transfer of ownership of the asset. What are the taxation rules on such transaction?                                                                                                                                      (5 marks)