Question 1 Sarah Malinga ( a resident of the Republic ) carries on business as a motor
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/666619130e284_122666619128e421.jpg)
Question
Sarah Malinga a resident of the Republic carries on business as a motor car dealer. On
June Sarah inherited R from his wealthy aunt. On December he
sold his home situated in Musina for Roriginally purchased for R on
October and purchased a larger home in Umhlanga. Sarah has never bought or sold
any other properties other than those mentioned above.
Required: Discuss with reasons whether the following is considered to be revenue or capital
in nature:
a The inheritance of R
b The proceeds from the sale of his home in Musina.
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/666619134ff3c_123666619134ad4a.jpg)
Posted Date: