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On 1 August 2023, MF completed the construction of seven apartments for R325 000 each in one residential building situated close to its factory in
On 1 August 2023, MF completed the construction of seven apartments for R325 000 each in one residential building situated close to its factory in Midrand, South Africa. All the apartments were rented out from 1 September 2023. The rental amount received for these apartments amounted to R251 230 in aggregate during the 2024 year of assessment. calculate the tax libility
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