Silke on South African Income Tax notes

LML4804 Assignment 3 (DISTINCTION ANSWERS) Semester 2 2023 Answers, guidelines, workings and references.... QUESTION 1 (CAPITAL GAINS TAX) Mr. Xaba, a South African resident worked for Acce Pty Ltd (“Acce”) as an electrician for 15 years. As a result of the Covid-19 pandemic that hit the world, Acce decided to retrench the technical employees including Mr. Xaba. He was given a severance package of R5 million. Mr. Xaba is married in community of property to his childhood sweetheart, Ma...

LML4804 Assignment 3 (DISTINCTION ANSWERS) Semester 2 2023 Answers, guidelines, workings and references.... QUESTION 1 (CAPITAL GAINS TAX) Mr. Xaba, a South African resident worked for Acce Pty Ltd (“Acce”) as an electrician for 15 years. As a result of the Covid-19 pandemic that hit the world, Acce decided to retrench the technical employees including Mr. Xaba. He was given a severance package of R5 million. Mr. Xaba is married in community of property to his childhood sweetheart, Ma...