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Question 2 ( 4 0 Marks ) Conrad Brown is 4 0 years old. He ls a livestock famer in the Free State. During the
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Conrad Brown is years old. He ls a livestock famer in the Free State. During the yoer of assessment, he establishod a cherry tree orchard on his farm. His receipts and aocruals for the yeor of assesamom follow.
Note:
Irrigation equipment was purchased eight years ago for Rexcluding VAT It was sold on June for Rexcluding VAT
Conrad's capital development expenditure brought forward from the year of assessment was R
Conrad purchased a tractor on May for Rexcluding VAT
Conrad had twestock on hand on February On February fvestock were on hand. The livestock on hand had a cost price of R each and a standard value of each.
Conrad erected a house for his farm manager. The house was complete on May The manager occupied it as from June The house cost R In the year of assessment, Conrad had erected six houses for his employees.
Conrad lets a portion of his farm that is unsuitable for farming. The lessee uses this land for a dogkennel business.
OU ARE REQUIRED TO calculate Conrad's normal tax liability for the year of assessment.
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