QUESTION $2$

Marks$)$

Amy, $60$ years old, a resident of South Africa, disposed of a few items in $2021.$ She was unsure on how to calculate the capital gains on the disposal and requested assistance on the calculations:

v Amy bought a home for R$2300000$ on $1$ January $2015.$She spent R$650000$ renovating. Other costs incurred:

$\backslash$table$[[$Rates and taxes,R $25750],[$Borrowing costs,R $55000],[$Transfer costs,R $110000]]$

Amy never lived in the house but rented it to a tenant. It was sold it on the $31$ December $2021$ for R$3500000.$

v She acquired shares for R$60000$ as long$-$term investment in $2015$ and decided to dispose of the shares for $R95000$ in $2021.$

v Amy purchased a building for R$125000$ on I October $1991.$ It was disposed for R$500000$ on $1$ October $2021.$

v Compensation of $R75000$ received as a result of a personal injury.

v She also sold the following assets:

Winnings of R$150000$ at casino

Sale of Mercedes Benz R$650000$

Proceeds from Long term insurance policy R$165000.$

v Capital loss as at $31$ December $2020$ is R$85000.$

REQUIRED:

Calculate the taxable gain for the year ended $31$ December $2021?$