Page 7 - F6 Slides (CGT,TT,ET AND PT)
P. 7

Example









                • aymond’s residence was originally purchased on 1 October 2001 for

                   R1 000 000 solely to be used as a primary residence for the entire


                   period of ownership. Six years later he sold the primary residence for


                   (a) R1 500 000



                • (b) R3 500 000.








                Calculate the primary residence exclusion in each instance.
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