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Teliza Nkuna sold her holiday home for R1 055 000 which she purchased in 2008...

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Question

Accounting

Teliza Nkuna sold her holiday home for R1 055 000 which she purchased in 2008 for a total cost of R843 000. She paid estate agent commission of R10 550. YOU ARE REQUIRED to calculate the capital gain tax which should be included in Teliza's taxable income for the current year of assessment.

Select one:

a.

R80 580 gain

b.

R161 450 gain

c.

R64 580 gain

d.

R201 450 gain

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