Thread Killer Mk IX

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Thanks Crusader

Anyone else who wanna try explain this to me?

QUESTION 4 (10 marks, 12 minutes)
Milenda Buys, 54 years old, has lived in Cape Town for the past 26 years. During the 2014 year of assessment, Milenda got married and moved to Pretoria. Milenda sold the following assets on 31 July 2013, before moving to Pretoria.
House:
Milenda purchased the house in Cape Town on 1 June 1987 for R104 000. She lived in the house from the day that she purchased it until the date of sale. In 2004 she made improvements to the house at a cost of R560 000. The house was valued at R3 500 000 on 1 October 2001 and the time apportionment base cost of the house is R2 959 550. The house was sold for R6 750 000.
Furniture:
Milenda sold some of the furniture, as she was moving into a smaller house. The furniture was sold for R30 000. The original cost price of the furniture sold amounted to R40 000.
Assessed capital loss:
Loss brought forward from the 2013 year of assessment amounted to R5 500.
REQUIRED:

Calculate the taxable capital gain of Milenda Buys for the year of assessment ended 28 February 2014. You can assume she did not sell any other assets during the year of assessment.
 
Ever had that you read something and you juts can't stop because its so silly?

Soz wyvern but I think you should go make a thread for your homework :p
 
Wyvern said:
Thanks Crusader

Anyone else who wanna try explain this to me?

QUESTION 4 (10 marks, 12 minutes)
Milenda Buys, 54 years old, has lived in Cape Town for the past 26 years. During the 2014 year of assessment, Milenda got married and moved to Pretoria. Milenda sold the following assets on 31 July 2013, before moving to Pretoria.
House:
Milenda purchased the house in Cape Town on 1 June 1987 for R104 000. She lived in the house from the day that she purchased it until the date of sale. In 2004 she made improvements to the house at a cost of R560 000. The house was valued at R3 500 000 on 1 October 2001 and the time apportionment base cost of the house is R2 959 550. The house was sold for R6 750 000.
Furniture:
Milenda sold some of the furniture, as she was moving into a smaller house. The furniture was sold for R30 000. The original cost price of the furniture sold amounted to R40 000.
Assessed capital loss:
Loss brought forward from the 2013 year of assessment amounted to R5 500.
REQUIRED:

Calculate the taxable capital gain of Milenda Buys for the year of assessment ended 28 February 2014. You can assume she did not sell any other assets during the year of assessment.
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I have no idea about the tax involved, but I'm tipping my hat to her for sticking it out and waiting for Mr Right till she turned 54.
Way to go Milenda! Never settle for second-best!
 
Hahaha Waco ek vra net want ons het slim koppe wat in TK weg kruip :P

Meneer ek het gecheat ek het die begin van my som met die vraag vir ons kantoor accountant gestuur :P
 
DieGrootHammer said:
MY understanding of tax is the same as women: I know they exist, but I have no clue hoe either one of them work
Click to expand...

its_magic_charlie_brown-show.jpg
 
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