PP purchased an asset on 1 April 2010 for R375,000, incurring legal fees of R12,000. PP is resident in Country X. There was no indexation allowed on the asset. PP sold the asset on 31 March 2013 for R450,000 incurring transaction charges of R15,000. Calculate the capital gains tax due from PP on disposal of the asset. (10) 2.2 BZ received a salary of R34 000 for the year ended 31 March 2013. BZ also received a bonus of R1 700 and benefits in kind valued at R2 150. BZ was entitled to a personal tax allowance of R5 750 for the year. Personal taxation rates that apply to BZ are 20% for the first R20 000 of taxable earnings and 40% on the balance. Required: (a) Explain the meaning of benefits in kind for taxation purposes. (3) (b) Prepare an income tax computation for BZ for the year ended 31 March 2013.