Owen retired at the age of 62 years. A monthly rental income of R25 000 accrued to him each month for the entire 2022 year of assessment. The rented property was part of his residential property. In additional to the rent he incurred maintenance costs of R 60 000 of which 40% was for the commercial aspect of the property. Employees' tax of R48 265 was deducted from this pension during the 2022 year of assessment. On 31 July 2021 he sold his shares in Margarine Ltd (an unlisted company). Owen provides the following information regarding his shareholding in Margarine Ltd: He bought 10 000 shares in Margarine Ltd on 2 January 2002 at R15 each for investment purposes (not for speculation). He sold his shares to Margie on 31 July 2021 for R400 000. In addition to this sale Owen also sold one of his residential properties which he had purchased for R2 500 000. The sale resulted in income of R3 000 000 REQUIRED: Calculate the total taxable income for Owen for the 2022 year of assessment.