Great revision. Really enjoyed it. Keep dropping them vidoes Sisi. Answer is the sale of duplex is capital in nature so as the profit generated from them.The intention was was to invest and hold them for capital appreciation until the plans to emigrate
The 1000000 amount should not be included as this amount was received from inheritance which is capital nature, thus the amount of selling them will be of capital in nature ( Visser case)
If I had a teacher like you in 1st and 2nd year, I kid you not I would be graduating and pass cum laude but then it is my last year it is a definite pass 🎉❤❤
Capital gainst tax in terms of the disposal of the asset =selling price less the base cost = 550 000. 1000 million represent capital and the rent received is the fruit . principal and tree and interst nd fruits . cir vs visser case
Thank you so much May you please post another one with questions and solutions, so that we may have an idea of how questions are being asked in an exam
Hi Just loved your video how would i answer this type of question ? Danny operates a security business in Inanda , he seeks advice whether the ffg expenses and losses are the deductible in terms of the general deduction formula . One of danny vans , witha tax value of R180 000 on the day was hijacked when the driver was returning after having transported a team of guards to the clients prmises. The van was not insured
Hi thanks for the positive feedback! So it sounds like you're dealing with a deemed disposal of a capital asset. You have to calculate the recoupmemt and CGT. In the context of discussion, your starting point has to be the gross income definition