Aeroplane although the aeroplane does not qualify as a personal use asset as it is
> 450kgs, Jimmy is not a SA resident, therefore there is no CGT on movable assets
CGT on property
[2 400 000 + 1 000 000]
Department of Finance and Investment
Capital Gains Tax Homework
Mr Brown bought a holiday house on 1 June 1991 for R200 000. She sold it on 30
March 2013 for R500 000. She did not value the house on 1 Octob
Donations Tax Homework
Shamus Rood, a resident of the Republic, will attain the age of 50 years on his next birthday.
During the 2017 year of assessment he made the following donations and dispositions:
On 10 May 2016 he donated a usufructuary
Financial year the year starting from April 1 and ending on march 31 of the
next year is known as a financial year.
Assessment year the financial year in which the income earned during the
previous year is taxed.
Previous year the