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You want to purchase a residential property. You have found the property that fits your needs. However, it is registered in the name of a

You want to purchase a residential property. You have found the property that fits your needs. However, it is registered in the name of a Close Corporation. You have the choice of either purchasing the property out of the Close Corporation for an amount of R2 million or purchasing the members interest in the Close Corporation for R2 million. What factors should you take into account (including capital gains tax) in deciding which route to follow? (10)

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