Well-structured LML4804 Assignment 3 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!).. QUESTION 1 (CAPITAL GAINS TAX)
Ms. Kru, a South African resident worked for O Insure (Pty) Ltd (“O Insure”) as a specialist for 15 years. As a result of the C...
LML4804
Assignment 3 Semester 2 2024
Unique Number: 803378
Due Date: 25 September 2024
QUESTION 1
Section 26A of the Income Tax Act mandates that the taxable capital gain must be included in
a person’s taxable income for the relevant year of assessment. To determine the taxable capital
gain, it is essential to ensure that all four key elements are present. The issue of residency and
the application of the Eighth Schedule are critical in this process.
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