Page 63 - P6 Slide - Taxation - Lecture Day 1

Example - Standard Proceeds formula

(par 30(2))

An asset was acquired for R100 ten years before

1 October 2001, and was disposed of for R700

20 years after 1 October 2001. Improvements

of R200 were made ten years after the

valuation date.

Calculate the capital gain on

the disposal of the asset.