Karabo Maredi owns an art gallery she suffered losses on the sale of original paintings: She is

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Karabo Maredi owns an art gallery she suffered losses on the sale of original paintings:

She is a collector of original African paintings. She sold this painting for R18 000 because she needed the funds to purchase an even more-valuable painting. The painting she sold has been displayed in her lounge for many years.

Due to COVID19 pandemic she ran a 50% sale and discounted a number of paintings. She suffered a R19 000 loss from her dealings.

YOU ARE REQUIRED to calculate Karabo’s aggregate capital loss for the current year of assessment.

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Taxes And Business Strategy A Planning Approach

ISBN: 9780132752671

5th Edition

Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon

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Posted Date: Nov 09, 2023 06:28 AM

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Karabo Maredi owns an art gallery she suffered losses on the sale of original paintings: She is

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Taxes And Business Strategy A Planning Approach

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