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Thandie ceases to be a South African resident on 1 May 2023. As a result of her cessation of residence, Thandie is deemed to have
Thandie ceases to be a South African resident on 1 May 2023. As a result of her cessation of residence, Thandie is deemed to have disposed of her unit trust investment at the end of April 2023, resulting in a capital gain of R30 000. On 5 November 2023, Thandie sells her house in South Africa, resulting in a further capital gain of R400 000. Which one of the following statements is correct?
| a. | Thandie will only be entitled to an annual capital gains tax exclusion of R30 000 for the period from 1 March 2023 to 30 April 2023, and she will not be entitled to any exclusion for the period 1 May 2023 to 28 February 2024. | |
| b. | Thandie will be entitled to an annual capital gains tax exclusion of R30 000 for the period from 1 March 2023 to 30 April 2023, and she will be entitled to a capital gains tax exclusion of R40 000 for the period 1 May 2023 to 28 February 2024. | |
| c. | Thandie will only be entitled to an annual capital gains tax exclusion of R40 000 for the period from 1 March 2023 to 28 February 2024. | |
| d. | Thandie will be entitled to an annual capital gains tax exclusion of R40 000 for the period from 1 March 2023 to 30 April 2023, and she will be entitled to a capital gains tax exclusion of R40 000 for the period 1 May 2023 to 28 February 2024. | |
| e. | None of the above |
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