Bob Ngcobo is a resident of the republic. He both invests and deals in shares.  During the 2021 year of assessment, from the shares he held as investments, he earned local dividends of R90 000.He sold shares in Winter Limited (held as an investment) at the profit of R30 000. He suffered a loss of R48 000 on the sale of shares in Bravo Limited (held as an investment). The value of his share portfolio held as investments decreased in value by R95 000 during 2021 year of assessment.  From the shares he held as trading stock he earned local dividends of R21 000. He sold shares in Black Limited at a profit of R80 000, while he suffered a loss of R44 000 on the sale of shares in Sand Limited (held as trading stock). The opening stock value of the shares that he deals with was R198 000. These opening and closing stock values are at the lower of their cost or market value. In addition to the gains enjoyed and losses suffered on his two categories of shares, Bob Ngcobo enjoyed the following gains and suffered the losses on the disposal on some of his assets during the 2021 year of assessment: Gains  A gain of R120 000 on the disposal of a rent-producing property that he held as an investment.  A gain of R150 000 on the disposal of a 15-metre yacht that he inherited in July 2020. He immediately disposed of this inherited yacht because he is no longer interested in sailing. He never used it. Its market value was R145 000 on the day that he inherited it. He sold it for R150 000. The gain was R150 000 because it had not cost him anything.  A gain of R700 on the disposal of a coin. Bob Ngcobo is a numismatist (collector of coins). He does not deal in coins. He disposed of this particular coin because he had recently purchased a duplicate of it, and the duplicate was in a better condition.  A gain of R900 on the disposal of a Krugerrand. He had originally purchased this krugerrand to be given to a niece as a birthday present. After his niece had disappointed him, he changed his mind about it being an appropriate birthday present.  A gain of R2 111 000 on the disposal of his primary residence. It had been purchased by him for R489 000. He sold it for R2 600 000.  A gain of R25 000 on the disposal of a diamond ring. Bob Ngcobo and his wife had separated and then they were divorced. She returned the engagement ring to him and not wanting to keep the engagement ring that he had given her, he disposed of it for R25 000. Losses  A loss of R1 000 on the disposal of his cell phone. Bob Ngcobo had used this cell phone for both business purposes (to the extent of 30%) and private purposes (to the extent of 70%). His employer granted him an allowance to cover the cost of the business use of his cell phone.  A loss of R63 000 on the disposal of his share of a beach cottage that him and his ex-wife had jointly owned. Bob Ngcobo has an assessed capital loss of R5 900 to bring forward from the 2020 year of assessment. 

Required 

Calculate the taxable capital gain to be included in his taxable income for the 2021 year of assessment.

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