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Determine his taxable income for current year of assessment

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Question - Pabs Mashile, a 38-year-old unemployed South African resident. During the current year of assessment, he received the following investment income (It arose from an inheritance he received): South African dividends of R35 000, foreign dividends of R120 000 (the foreign entity is listed on the Johannesburg Securities Exchange) and interest on a South African bank account of R50 000. Determine his taxable income for the current year of assessment.

Reference no: EM133186648

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