you are a registered tax practitioner at experts in tax and currently busy with the review of the taxable income calculation prepared by one of your clients. Investprops a south African resident. investprops owns investment properties from which rental income is earned. investprops holds a 30 % shareholding in miniprops ltd a south african resident.

investprops supplied you with an extract of the items making up its income reflected in the company's taxable income calculation.

income	amount	notes	additional information
rental income received from tenants	11 570 000
amount received from XP ltd	240 000	1	xp ltd is one of Miniprops tenants and they erroneusly paid this amount into investprops bank account
dividends recieved	700 000	2	the R 700 000 is the net amount of dividends received of R1.2 million from miniprops and dividends paid of R500 000 to investprops shareholders
leasehold improvements	R 860 000	3	leaseholders' improvements were incurred by a tenant in accordance with the lease agreement. the lease agreement stipulated that improvements of R600 000 were to be effected. however the tenant incurred costs of 860 000.
total	13 370 000

explain wether each amount should be included or not in investprops ltd income as devided in the income tax act for the 31 march 2022 year of discussion. do not need to refer to any case laws

marks allocated for each item :

rental sales from tenants(2)

amount recieved from XP( 2)

dividends recieved (3)

leasehold improvements (3)