1. Paul owns a pre-owned car dealership in Fourways which he operates in his own name. The dealership sells on average 15 vehicles per month and received total proceeds from sales of R12 000 000 during the 2020/21 tax year. Indicate the correct option:

	A.	Since Paul is carrying a trade and the vehicles are regarded as trading stock, the proceeds will be included as revenue for income tax purposes.
	B.	The proceeds received by Paul will be subject to donations tax.
	C.	The proceeds received by Paul will not be included as revenue for income tax purposes.
	D.	Since Paul owned all the vehicles which were sold, the proceedsd will be regarded as a capital gain for tax purposes.