please use the south african tax

Assume the following taxpayer information: The taxpayer is a South African manufacturing company (not a small business corporation as defined) with a 31 March 2022 year of assessment Calculate the "20% rule" with regards to establishing a valuation date value as at 1 October 2001 for purposes of capital gains tax for the factory BELOW. Information pertaining to factory building: Events Date Sold-proceeds Amount R 4 000 000 30 November 2021 Adjusted proceeds 30 November 2021 R 2 687 000 Puchased cost price 1 June 2001 R 1 220 000 15 May 2010 Improvements to the factory Market value R 155 000 R 1 300 000 1 October 2001 Tax value at date of sale R 62 000 Capital allowances claimed until sold - R 1 220 000 on original factory building Capital allowances claimed until sold - only on improvements to factory R 93 000 Question 13 Not yet ad Marked out of 100 Flag