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5 John bought a second property on 01/07/2007 for R800 000 and have spend R200 000 on maintenance and R700 000 on improvements up to
5 John bought a second property on 01/07/2007 for R800 000 and have spend R200 000 on maintenance and R700 000 on improvements up to the date of sale 31/12/2017 for a selling price of R2 000 000. The estate agents commission was 7%. Johns other taxable income for the year was R360 000. Calculate the amount of tax that John would be liable for the 2018 tax year (15)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
