1. Mr Gumbo reared 250 heads of cattle and 180 sheep and goats combined during the tax year ended 30 June 2015. He disposed off 25 heads of cattle and 30 sheep and goats during the tax year. The market price of his aggregate disposal was P57,500. Required: Determine whether Mr Gumbo is chargeable on his farming operations for the 2015 tax year. 1. Mr Gumbo reared 250 heads of cattle and 180 sheep and goats combined during the tax year ended 30 June 2015. He disposed off 25 heads of cattle and 30 sheep and goats during the tax year. The market price of his aggregate disposal was P57,500. Required: Determine whether Mr Gumbo is chargeable on his farming operations for the 2015 tax year