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Calculate the capital gain or loss

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A taxpayer (39 years old) sold her holiday home in the 2022 year of assessment for R2 301 057. The taxpayer is married out of community of property to her spouse who donated the holiday home to her five years ago. The market value of the holiday home on date of donation amounted to R2 195 043. The taxpayer's spouse paid R881 558 for the holiday home ten years ago. The taxpayer and her spouse do not trade in any assets.

Calculate the capital gain or loss on the sale of the holiday home for the 2022 year of assessment.

Reference no: EM133266579

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