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Leanor Valaryian is a resident of the republic of South Africa. He is the owner...

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Accounting

Leanor Valaryian is a resident of the republic of South Africa. He is the owner of various assets and property in the country and has made the decision to sell a few of his assets. Leanor Valaryian owns a townhouse which he bought 6 years ago, he lived in this residence for a period of 13 months over the 6 year period. His sister has a family of 3 and Leanor has agreed to sell this property to her. The property was bought at a cost price of R 3 000 000 in January 2010 and it was sold for R 5 500 000 in January 2022.

Leanor purchased share in a company in 2020 for a cost of R 360 000, the return on his investment is not as rewarding as he taught it would be so he decided to sell these shares back to the company. He sold the shares for R365 000 in April 2021, he does not deal in the buying and selling of shares.

Leanor has been having problems with obtaining tenants for a flat that he owns as the area is quite dangerous, he has therefore decided to sell this flat. The flat was purchased for R 3 500 000 in June 2015 and sold for R 1 640 000 in October 2021.

REQUIRED: Calculate the taxable capital gain or loss for Leanor Valaryian for the 2022 year of assessment.

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