Winnie Buthelezi is a resident of the Republic and has an assessed capital loss of R12000brought forward
Question:
Winnie Buthelezi is a resident of the Republic and has an assessed capital loss of R12 000 brought forward from the prior year of assessment. During the current year of assessment Winnie Buthelezi suffered a further loss of R95 000 on the sale of her domestic motor car. Winnie made profits as detailed below, on the sale of the following assets:
R80 000 from a rent producing property,
R7 000 from dividend-yielding shares,
R1 000 from a kruger rand,
R2 009 000 from her primary residence. It had cost her R990 000, and she sold it for R2 999 000,
R5 000 from units in a real estate investment trust, and
R20 000 from a six-meter yacht.
Winnie does not deal in the above assets.
YOU ARE REQUIRED to determine Winnie Buthelezi’s taxable capital gain for the current year of assessment.
Managing Business Ethics Making Ethical Decisions
ISBN: 9781506388595
1st Edition
Authors: Alfred A. Marcus, Timothy J. Hargrave