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QUESTION 2 (26 marks) Mateboho, a wealthy businesswoman, decided to simplify and downscale her life by donating some of her personal assets to various parties.
QUESTION 2 (26 marks) Mateboho, a wealthy businesswoman, decided to simplify and downscale her life by donating some of her personal assets to various parties. She made the following donations: 3 September 2020: R80 000 to her husband to help him furnish his new apartment. The couple agreed to separate in July 2020 and have a notarised separation agreement effective from 1 August 2020. R5 000 000 to Living Angels, a public benefit organisation R2 000 000 to her best friend, Lerato R18 000 000 to her sister 5 September 2020: 21 November 2020: 9 January 2021 On 15 December 2021, Mateboho sold an asset worth R12 000 000 to her mom for R1 000 000 Required: Calculate the donations tax payable for each donation in this scenario. Provide a clear breakdown of how the taxable amount is calculated. (26 marks)
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