QUESTION $3$

$3\mathrm{.}1$ Sandy Mabuza is a resident of the republic of South Africa. She is the owner of various assets and property in the country and has made the decision to sell a few of her assets. Sandy has been living in her home in Ballito which she bought $15$ years ago. She has now decided to relocate to Cape Town due to a change in her job. Her residential property was bought at a cost price of R$2200000$ in January $2008$ and it was sold for R$4600000$ in January $2023.$

She owned shares in Mochachos $($Pty$)$ Ltd which she purchased for a cost of R$150000,$ she required extra cash to undertake renovations in her home and decided to sell the shares for R$250000$ in February $2023,$ she does not deal in the buying and selling of shares. Sandy has been having problems with the payment of rental from her tenant in a flat that she rents out, she has therefore decided to sell this flat The flat was purchased for R$1500000$ in Apnil $2018$ and sold for R$2300000$ in October $2022.$ In addition to the asselts that were sold in the current year of assessment she had made a capital loss of R$320000$ from the $2022$ year of assessment.

REQUIRED:

Calculate the taxable capital gain or loss of Sandy for the $2023$ year of assessment.

$(25$Marks$)$

$3\mathrm{.}2$ Precious Mabuza, who is the sister of Sandy is a resident of the Repubic. She is $50$ years old and she resigned from her employment on $30$ November $2022.$ She received a lump sum from her pension fund of R$200000.$ She used R$60000$ of this lump sum to pay off her car and transferred the remaining balance into a pension preservation fund.

REQUIRED:

Compute the tax payable on her current lump sum.

$(5$ Marks$)$