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Alfred (40 years old) is one of three beneficiaries of Trust A. The trustees decided to dispose of an office block, which was held to

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Alfred (40 years old) is one of three beneficiaries of Trust A. The trustees decided to dispose of an office block, which was held to earn rental income. A capital gain of R520 000 was realised. The total profit was distributed to Alfred. The amount of R520 000 will be accounted for in Alfred's aggregate capital gain/loss for the year of assessment. Select one: True False

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