ivan donated a farming operation to trust c before 1 october 2001. the beneficiaries are nieces and nephews of ivan. the farming operation was sold by the trust on 1 march of the current year and a capital gain of R250 000 was realised. The proceeds have been retained in the trust and no part of it has been distributed at year-end. The capital gain will be allocated to Ivan accordance with paragraph 70, True or False