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QUESTION $4$

$(30$ Marks$)$

$4\mathrm{.}1$ Shireen 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. Shireen has been living in her home in Knysna which she bought $12$ years ago. She has now decided to relocate to Pretoria due to a change in her job. Her residential property was bought at a cost price of R$1500000$ in January $2012$ and it was sold for R$3800000$ in February $2024.$

She owned shares in Pedro $($Pty$)$ Ltd which she purchased for a cost of $R150000,$ she required extra cash to undertake renovations in her home and decided to sell the shares for R$260000$ in February $2024,$ she does not deal in the buying and selling of shares. Shireen 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$1800000$ in April $2019$ and sold for R$2500000$ in October $2023.$ In addition to the assets that were sold in the current year of assessment she had made a capital loss of R$300000$ from the $2023$ year of assessment.

REQUIRED:

Calculate the taxable capital gain or loss of Shireen for the $2024$ year of assessment.

$(25$ Marks$)$

$4\mathrm{.}2$ Precious, who is the sister of Shireen is a resident of the Republic. She is $52$ years old and she resigned from her employment on $30$ November $2023.$ She received a lump sum from her pension fund of R$210000.$ She used R$70000$ 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$)$

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