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Lia is a resident of the republic of South Africa. She is the owner of various assets and property in the country and has made
Lia is a resident of the republic of South Africa. She is the owner of various assets and property in the country and has made the decision to sell a few of her assets. Lia has been living in her home which she bought years ago, she has now decided to relocate to Gauteng due to a change in her job. Her residential property was bought at a cost price of R in January and it was sold for R in February
She owned shares in Reality Pty Ltd which she purchased for a cost of R she required extra cash to purchase furniture for her new home and decided to sell the shares for R in January she does not deal in the buying and selling of shares. Lia has been having problems with the payment of rental from her tenant in a flat that she rents out, she has therefore decided to sell this flat. The flat was purchased for R in July and sold for R in November
In addition to the assets that were sold in the current year of assessment she had made a capital loss of R from the previous year of assessment.
You are required to calculate the taxable capital gain or loss for Lia for the year of assessment.
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