PTI Inc., located in a country which has a capital gains tax, conducted the following transactions: a. Purchased a build

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PTI Inc., located in a country which has a capital gains tax,
conducted the following transactions:
a. Purchased a building in February 2018 for $26,000,000. In
March 2019, the company spent $2, 800,000 to install solar panels
for electricity in the building. The building was sold for
$40,000,000 in 2021. The annual maintenance cost was $500,000. The
cost of advertising the sale of the building and the legal fees
amounted to $1,200,000.
b. A motor vehicle was purchased for $5 million on January 1,
2018. The vehicle was sold in 2021 for $4.5 million.
c. Bought an antique painting for $3.5 million in 2019. The
painting was sold in 2021 for 1 million.
d. Purchased a Government bond for $5,000,000.
The company is entitled to Annual Exemption of $500,000. Capital
losses as at 1 January 2021 was $7,500,000.
Required:
Calculate the capital gains tax in 2021, assuming a capital
gains tax of 20% .