Zohan Harry married Zoe in 1997. They are married out of community of property. Zohan owns an apartment which he purchased for R150 000 on 1 October 1970 while he was still a student. After he and Zoe got married, they moved into a new house but he kept the apartment and rented it out to students. On 1 April 2018 he transferred ownership of the apartment to Zoe. The market value on the date of transfer was R650 000. The apartment was valued at R440 000 on 1 October 2001.

The following improvements were made to the apartment: Zoe decided to sell the apartment:

1. January 1980: installed a shower at a cost of R10 000

2. June 2008: one of the walls in the kitchen was broken out tp create an open-plan kitchen at a cost of R70 000

You are required to:

Calculate the net tax capital gain or assessed capital loss for both Zohan and Zoe due to the transfer and disposal of the apartment for the 2021 year of assessment.

Zoe decided to sell the aprtment on 1 September 2021. He sold it for R750 000.

You are required to:

Calculate the net capital gain or assessed capital loss for both Zohan and Zoe due to the transfer and disposal of the apartment.