Question: QUESTION 3 ( 2 0 Marks ) Anne, 5 8 Years old, a resident of South Africa, is a sole proprietor FG Toys. She disposed

QUESTION 3(20 Marks) Anne, 58 Years old, a resident of South Africa, is a sole proprietor FG Toys. She disposed of a few items in 2024 and was unsure on how to calculate the capital gains on the disposal and requested assistance on the calculations. - Bought a home for R 2500000 on 1 January 2019.She spent an amount of R350000 renovating. Other costs incurred: Rates and taxes R 32500 Transfer costs R100000- She sold it on the 31 December 2024 for R3800000 as she was relocating. - She acquired shares for R55000 as long-term investment in 2014 and decided to dispose of the shares for R108000 in December 2024.- Anne resigned from her employment on 30 October 2024 and started her own business. She moved furniture with cost price of R54000 and a market value of R65000 from her home to her office. - Anne bought a ski-boat (13m) for R220000 on 1 November 2022. She disposed of it for R400000 on 30 November 2024.- She bought Krugerrands in 2015 for R225000 and sold it on 1 September 2024. The market value at the date of sale was R265000.- She Invested in R100000 in a 12 month fixed deposit on 31 December 2024. The market value on the date of maturity is R165000.- Capital loss as at 29 February 2024 is R36000. Required: Calculate the taxable gain for the year ended 28 February 2025

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