3 ageThuli Purchased a townhouse on 20 July 2008 for R4 000 000. She paid Transfer duty of R235 000 and legal fees for R22 670. Sherenovated her kitchen for R350 000. She repainted the doors of the bedrooms for R3 000. She repaired the leaking roof. You arerequired to calculate the base cost of the property.Select one:O a. R4 257 670O b. R4 607 670O c. R4 610 670O d. R4 235 000Previous activityAssessment 6Contact usFollow usinJump to...You are logged in as TROMAH MLAUDZI (Log out)Data retention summaryGet the mobile app0FNext activityGetting startedANext pageGet the mobile appGoogle PlayApp StoreENG

Base Cost: Amount against which any proceeds upon disposal are compared. It generally comprises of…

Thuli Purchased a townhouse on 20 July 2008 for R4 000 000. She paid Transfer duty of R235 000 and legal fees for R22 670. She renovated her kitchen for R350 000. She repainted the doors of the bedrooms for R3 000. She repaired the leaking roof. You are required to calculate the base cost of the property.

Thuli Purchased a townhouse on 20 July 2008 for R4 000 000. She paid Transfer duty of R235 000 and legal fees for R22 670. She renovated her kitchen for R350 000. She repainted the doors of the bedrooms for R3 000. She repaired the leaking roof. You are required to calculate the base cost of the property.

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter15: Property Transactions: Nontaxable Exchanges

Section: Chapter Questions

Problem 32P

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