$4\mathrm{.}1$

Sandy Mabuza is a resident of the republic of South Africa. She is the owner of various assets and property

in the country and has made the decision to sell a few of her assets. Sandy has been living in her home in

Ballito which she bought $15$ years ago. She has now decided to relocate to Cape Town due to a change in

her job. Her residential property was bought at a cost price of R$2200000$ in January $2008$ and it was sold

for R$4600000$ in January $2023.$

She owned shares in Mochachos $($Pty$)$ Ltd which she purchased for a cost of R$150000,$ she required extra

cash to undertake renovations in her home and decided to sell the shares for R$250000$ in February $2023,$

she does not deal in the buying and selling of shares. Sandy has been having problems with the payment of

rental from her tenant in a flat that she rents out, she has therefore decided to sell this flat. The flat was

purchased for R$1500000$ in April $2018$ and sold for R$2300000$ in October $2022.$ In addition to the assets

that were sold in the current year of assessment she had made a capital loss of R$320000$ from the $2023$

year of assessment.

Required:

Calculate the taxable capital gain or loss of Sandy for the $2023$ year of assessment.

$4\mathrm{.}2$ Precious Mabuza, who is the sister of Sandy is a resident of the Republic. She is $52$ years old and she

resigned from her employment on $30$ September $2022.$ She received a lump sum from her pension fund of

R$200000.$ She used R$70000$ of this lump sum to pay off her car and transferred the remaining balance into

a pension preservation fund.

Required:

Compute the tax payable on her current lump sum.