Leeanda is 56 years old. During the current year she sold her property. The taxable capital gain was correctly calculated to be R148 236. This taxable capital gain will be included in:a.Taxable incomeb.Net incomec.Incomed.Gross incomeClear my choice
Question
Leeanda is 56 years old. During the current year she sold her property. The taxable capital gain was correctly calculated to be R148 236. This taxable capital gain will be included in:a.Taxable incomeb.Net incomec.Incomed.Gross incomeClear my choice
Solution
The taxable capital gain from the sale of a property is included in the taxable income. So, the correct answer is:
a. Taxable income
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