Question 4 (a) Nemo Holdings close its accounts on 31 December every year. Its business rental income is derived from the letting out of office lot in a four story building. On 1.5.2018, the tenancy of the major portion of the office lots ends and the company only manages to get new tenants on 1.7.2020. as a result, business rental income declined in YA 2018, 2019 and 2020. The income for Nemo Holdings for the YA 2016 to 2020 were as follows; 2016 160,000 2017 160,000 YA 2018 50.000 2019 30,000 2020 50.000 Source of Income Rental business Renlal, non- business Dividend Interest 90,000 90,000 90.000 90.000 90.000 90.000 30,000 90.000 40,000 90.000 50.000 70,000 30,000 80.000 40,000 Required; Calculate Nemo Holdings, fi Total Gross Income, (11) So of income from holding of investments, and D) Determine its IHC status, for the YA 9 2016 till 2020, (5 marks) 73 marks) 15 marks) b> What is the responsibility of a taxpayer under the Income Tax Act 19672 15 marks) Te down the updates issued L IRB in the 2018 Tue Audit Tramework marks Thoral: 25 marks Question 4 (a) Nemo Holdings close its accounts on 31 December every year. Its business rental income is derived from the letting out of office lot in a four story building. On 1.5.2018, the tenancy of the major portion of the office lots ends and the company only manages to get new tenants on 1.7.2020. as a result, business rental income declined in YA 2018, 2019 and 2020. The income for Nemo Holdings for the YA 2016 to 2020 were as follows; 2016 160,000 2017 160,000 YA 2018 50.000 2019 30,000 2020 50.000 Source of Income Rental business Renlal, non- business Dividend Interest 90,000 90,000 90.000 90.000 90.000 90.000 30,000 90.000 40,000 90.000 50.000 70,000 30,000 80.000 40,000 Required; Calculate Nemo Holdings, fi Total Gross Income, (11) So of income from holding of investments, and D) Determine its IHC status, for the YA 9 2016 till 2020, (5 marks) 73 marks) 15 marks) b> What is the responsibility of a taxpayer under the Income Tax Act 19672 15 marks) Te down the updates issued L IRB in the 2018 Tue Audit Tramework marks Thoral: 25 marks