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Drey was a sole proprietor in the business of repairing and programming computers. Drey heard about the profits one could make purchasing IT (Information Technology)
Drey was a sole proprietor in the business of repairing and programming computers. Drey heard about the profits one could make purchasing IT (Information Technology) shares on the stock exchange. He started buying shares from 1 January 2020. He intended to hold on to the shares until they doubled in value and then he would sell them. On 1 April 2020, 15 July 2020 and 28 February 2021 he sold a total of 50% of his share portfolio for N$210 000. He made a profit of N$105 000 Required: Advise Drey on whether or not the above items should be included in his gross income. Give reasons to support your advice. Ancor
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