Jack, 62 years old, a resident of South Africa, disposed of a few items in...
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Jack, years old, a resident of South Africa, disposed of a few items in He was unsure on how to calculate the capital gains on the disposal and requested assistance on the calculations Bought a home for R on January He spent R renovating. Other costs incurred: Rates and taxes R Transfer costs R He sold it on the December for R as he was relocating He acquired shares for R as longterm investment in and decided to dispose of the shares for R in On June Jack, who was the owner of OMG Ltd decided to sell his business for R as he was going to pursue other interests market value a time of sale is R He also sold the following assets: Gold Jewellery R Proceeds from Long term insurance policy R Capital loss as at December is R Calculate the taxable gain for the year ended December
Jack, years old, a resident of South Africa, disposed of a few items in He was unsure on how to calculate the capital gains on the disposal and requested assistance on the calculations
Bought a home for R on January He spent R renovating. Other costs incurred:
Rates and taxes R
Transfer costs R
He sold it on the December for R as he was relocating
He acquired shares for R as longterm investment in and decided to dispose of the shares for R in
On June Jack, who was the owner of OMG Ltd decided to sell his business for R as he was going to pursue other interests market value a time of sale is R
He also sold the following assets:
Gold Jewellery R
Proceeds from Long term insurance policy R
Capital loss as at December is R
Calculate the taxable gain for the year ended December
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