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Question 22 of 30 2.0 Po Krishani Dipheko is a director and shareholder of a private company and owns 55% of the shares. Krishani has
Question 22 of 30 2.0 Po Krishani Dipheko is a director and shareholder of a private company and owns 55% of the shares. Krishani has the free use of a house (6 rooms) which are rented by the company. The company pays R12 100 rent per month. The company pays all cost relating to the house and the house is fully furnished. Krishani's remuneration for the previous year assessment was R1 050 000 and used the house for the full year of assessment. YOU ARE REQUIRED to calculate the taxable benefit that needs to be included in Krishani's gross income for the current year of assessment. (Hint: use the Formula: (A-B) x C/100 x D/12). A. R183 711 B. R145 200 C. R178 500 D. R199 500
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