Question
Jaco donates his unit trust investment to the Jaco Family Trust (an inter vivos trust) in the 2023-2024 year of assessment. He purchased the unit
Jaco donates his unit trust investment to the Jaco Family Trust (an inter vivos trust) in the 2023-2024 year of assessment. He purchased the unit trusts in 2004 for R300 000 and its current value is R2 000 000. Jaco made no other donations or capital gain in the 2023-2024 year of assessment and has not made any other donations prior to this. What is the taxable capital gain in the hands of Jaco? a. R680 000 b. R664
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
