Page 45 - F6 - Capital Gains Tax - Base Cost
P. 45

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.
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