Ql. (a) When disposal of property is by gift, the capital proceeds are taken to be nil. (4 marks) (6) The sale of a motor vehicle may result in a capital gain or a capital loss. (3 marks) Required: State whether the above statements are true or false. Explain your answer and support with relevant income tax legislation. (Total: 7 marks) Note:Maximum length of answer for Q1 is 1 page