Indicate whether the following is true or false: An investment property, consisting of land, which was purchased for R100 000 on 1 January 20X1 is remeasured to its fair value of R120 000 at year-end, 31 December 20X1. Management intends to keep this land and use it as a parking lot to generate rent income. The income tax rate is 30%. The lands base cost is R105 000. The relevant capital gains inclusion rate is