Tracy purchased her primary house in 2005 for R570 650. She correctly calculated the base cost...

   

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Tracy purchased her primary house in 2005 for R570 650. She correctly calculated the base cost for capital gain tax purposes as R650 000. She sold her house during the current year of assessment for R3 080 000. Tracey is married in community of property to Dave. YOU ARE REQUIRED to calculate Tracy's capital gain. calculate the total Retirement contributions of Ben for the current year of assessment. Ben Glead is 52 years old. He provided you with the following information: • Provident fund contributions of R280 000 Pension fund contributions of R176 000 • Previously disallowed portion carried over of R85 000 • Medical aid contribution of R33 000 Retirement annuity contributions of R150 000 Tracy purchased her primary house in 2005 for R570 650. She correctly calculated the base cost for capital gain tax purposes as R650 000. She sold her house during the current year of assessment for R3 080 000. Tracey is married in community of property to Dave. YOU ARE REQUIRED to calculate Tracy's capital gain. calculate the total Retirement contributions of Ben for the current year of assessment. Ben Glead is 52 years old. He provided you with the following information: • Provident fund contributions of R280 000 Pension fund contributions of R176 000 • Previously disallowed portion carried over of R85 000 • Medical aid contribution of R33 000 Retirement annuity contributions of R150 000

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to calculate Tracys capital gain 1 Determine the ca... View the full answer