1. Distinguish between capital gains and investment income. 2 During the 2016 year of assessment Alonzo made...
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1. Distinguish between capital gains and investment income.
2 During the 2016 year of assessment Alonzo made a capital gain on the sale of his holiday house of R100 000. He suffered a capital loss on the sale of certain dividend yielding shares of R10 000. You are required to determine his aggregate capital gain for the 2018 year of assessment.
3 Costa purchased shares in 2014 from Chelsea limited for R80 000. These shares were purchased as a long-term investment for Costa. The markets have improved over the years and he decides to sell his shares for R240 000 in 2018. You are required to calculate the Capital Gain Tax on this transaction.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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