Anthony purchased a house in Koforidua at a cost of GH¢480,000 in the year 2011. In 2011, he spent GH¢24,000 to repair and renovate the house. In March 2018, he spent extra GH¢18,000 on renovation with the intention to sell the house. Anthony engaged a Valuer in June 2018, to value the building and the Valuer charged GH¢5,400.
In July 2018, he placed an advert on ‘Zuria FM’ for the sale of the building and paid GH¢1,800. During the same period, he sold the house through an agent for GH¢660,000 to Kwame Burger and the agent’s commission was 3% of the sale value. Anthony also paid GH¢1,500 for stamp duty and legal permit for conveyance of the building to Kwame Burger.
Required:
i) Compute any tax payable.                                                                                   (4 marks)

ii) What constitutes realisation of capital assets?                                                   (2 marks)

Akua is a shareholder of Annam Company Limited, a company not listed on the Ghana Stock Exchange (GSE) Market. Akua has the following transaction in Annam Company Limited:
i) On 01/07/2008 Akua purchased 200,000 ordinary shares for GH¢184,000. She purchased another 120,000 shares on 01/10/2008 at a price of GH¢1.00 per share. Akua again purchased 95,000 shares on 16/06/2009 at a price of GH¢1.15 per share.
ii) On 20/07/2009, Akua received bonus shares of 1 for every 10 shares currently held by her.
iii) On 01/01/2017, Akua accepted a right offer of 1 for 5 shares held as at 31/12/2015 at a price of GH¢0.90 per share.
iv) On 15/11/2017, Akua sold 340,000 shares for GH¢408,000 paying a commission of 2.5% of sale value to the brokerage firm that facilitated the sale. The proceeds received from the sale was GH¢0.10 per share lower than a similar share on the Ghana Stock Exchange Market.

Required:
Calculate the capital gain tax if any.                                                                                                                                  (9 marks)

b) Shares of a resident company are classified as chargeable assets under capital gains tax. Under what circumstances will shares not be described as chargeable assets under capital gains tax provision?                                                                           (4 marks)

c) Staff of ABC Bank Ghana Limited; have been issued shares by ABC Bank Limited -United Kingdom (the Parent company). The shares have been vested and are available to be sold immediately by the beneficiary staff.
Requirement:
With the support of the provisions of the relevant tax laws, how will the above be treated for tax purpose, if any?         (7 marks)