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During the current year of assessment, Ana sold her primary residence for R5 000 000. She originally purchased this residence after 1 October 2001
During the current year of assessment, Ana sold her primary residence for R5 000 000. She originally purchased this residence after 1 October 2001 for R3 600 000. She did not use any portion of the house for trade purposes. You may assume that the original cost is the only allowable cost. Which of the following statement is incorrect? Question 12 Not yet answered Marked out of 1 Flag question Select one: Oa. The capital gain before any exclusion attributed to the sale of the primary residence is R1 400 000. Ob. The Proceeds from the sale of the primary residence are R5 000 000. O c. Ana can claim the R2000 000 primary residence exclusion in full. d. The base cost from the sale of the primary residence is R3 600 000.
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