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RS purchased an asset on 1 April 20x0 for R375 000, incurring legal fees of R12 000. is resident in Country X. There was no

RS purchased an asset on 1 April 20x0 for R375 000, incurring legal fees of R12 000. is resident in Country X. There was no indexation allowed on the the asset. RS sold the asset on 31 March 20x3 for R450 000, incurring transaction charges of R15 000. TAX IS CHARGED AT 25%. Calculate the capital gains tax due to RS on disposal of the asset.

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