solve correctly asap In November 2018, James (a South African resident and unmarried) inherited R...
90.2K
Verified Solution
Link Copied!
Question
Finance
solve correctly asap In November 2018, James (a South African resident and unmarried) inherited R 900,000 and a factory building in Gauteng from his late grandfather's estate. He utilised this money locally to buy an investment portfolio, which yielded R 25 000 in interest on 28 April 2022. Additionally, James purchased shares on the Johannesburg Stock Exchange and the New York Stock Exchange. He received a net local dividend of R 9 300 and a foreign dividend of R 10 500. James owns less than 10% of shares in foreign investments, and no foreign taxes were levied on the foreign dividend. Since November 2015, he has been renting out the factory building for R 35 000 per month. The building is not eligible for any capital allowances. Calculate Jamess total amount that will be exempt from income tax for the 2023 year of assessment. (NB: No spaces, no Rand sign required and round off to the nearest Rand if applicable).
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.