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Zanele Pitso purchase her primary house in 2015 for R970 650. In 2017 she added a room to her house which cost R76 000
Zanele Pitso purchase her primary house in 2015 for R970 650. In 2017 she added a room to her house which cost R76 000 and build a swimming pool which cost R34 000. She also repainted the exterior walls of the house a nice grey colour which cost her R8 400. She sold her house during the current year of assessment for R1 680 000. She incurred legal cost associated with the selling of the house of R16 000 and estate agent commission of R24 000. Zanele paid R54 000 in rates and taxes during the time she stayed in the house. YOU ARE REQUIRED to calculate the base cost of the house. Question 11 Not yet answered Marked out of 1 Flag question Select one: a. R970 560 O b. R1 183 050 O c. R1 120 650 d. R1 680 000
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