4.2 On 1 December 2017 Suvi Singh, a resident of the republic, purchased a primary residence for R2 300 000. She used th

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answerhappygod
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4.2 On 1 December 2017 Suvi Singh, a resident of the republic, purchased a primary residence for R2 300 000. She used th

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4.2 On 1 December 2017 Suvi Singh, a resident of the republic,
purchased a primary residence for R2 300 000. She used the granny
flat portion of her primary residence as her consulting rooms. (In
other words, she traded from a portion of her primary residence.)
The granny flat portion of this primary residence comprises 20% of
the total primary residence. She lived in this primary residence,
and practiced from its granny flat, for the 14 month period from 1
December 2017 until 31 January 2019. On 1 February 2019 she sold
her primary residence for R4 000 000. Required: Determine the
capital gains tax consequences that result from the purchase and
sale by Suvi Singh of her primary residence. (10)
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