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Question 2 (12 marks) Ian is the Chief Executive Officer of a company that develops medical equipment. He is also a cyclist and a partner

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Question 2 (12 marks) Ian is the Chief Executive Officer of a company that develops medical equipment. He is also a cyclist and a partner in a real estate business. The following information indicates his share of taxable income (or assessed loss) from each of the businesses for the 2019 to 2022 years of assessment: "lan is unable to prove to SARS a reasonable prospect of earning taxable income within a reasonable period during that specific year of assessment. Required: Calculate lan's taxable income for the 2021 and 2022 tax years and explain how the taxable income or assessed losses from the cycling and real estate businesses will be treated. Answer in tabular format as follows separately for EVERY year: Year: 2021/2022 (12 marks)

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