Harry Hocks (aged 67) and Shirley Hocks (aged 53) are both regarded to be residents of the Republic. They are married in community of property and have two daughters - Alexa (aged 22) and Siri (aged 15). None of Harry's or Shirley's assets are excluded from their joint estate. Harry retired from his employment with BizFurn (Pty) Ltd two years ago. However, he found that he experienced a great deal of boredom at home and commenced business as a sole proprietor from 1 March 2022. He now runs a thriving business selling handmade bespoke wooden furniture. Their accountant has compiled the following table with regard to the Hocks' family receipts and accruals for the 2024 year of assessment. Harry Shirley Alexa Siri Note Annuity from foreign pension fund R300 000 1. Annuity from South African pension fund R336 000 2. Gross sales from business R625 000 3. Gross salary R135 000 4. Foreign dividends R12 960 5. Interest income R41 690 R8 250 6. Rental income R120 000 R120 000 7. Notes: 1. Many years ago, prior to his marriage and prior to his employment with BizFurn (Pty) Ltd, Harry worked for a non-resident company for a period of five