A client ask you to do a calculation to determine what the capital gains tax implication will be upon his death. The client has the following assets 1. Cash: R 1 000 000 2. Unit Trust Investment Portfolio: R 5 000 000 (Assume a base cost of R 2 000 000) You can assume a marginal tax rate of 45% and that the client is not married and that his last will and testament states that his entire distributable estate must devolve to his sister. Use the following template to determine the capital gains tax liability of the client upon death: Capital Gains Tax calculation template Asset description Market value Base cost Gain/loss Subtotal Less rebate Inclusion rate Tax at marginal tax rate Gain/loss included 12 X (R) Rx Rx Notes