TAX1501 Assignment 5 Due 21 October 2024
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Rosalind Close is a managing director of a pnvate game farm. She received the right of use of a company owned vehicle from 1
September 2023. Rosalind’s employer purchased the motor vehicle new on 1 September 2023 for R895 000 (excluding VAT of
R134 250). The motor vehicle was purchased without a maintenance plan. Rosalind is not responsible for any cost relating to the
motor vehicle. YOU ARE REQUIRED to calculate the taxable benefit that needs to be included in Rosalind’s gross income for the
current year of assessment. (Rounded to the nearest Rand).
f Flag Jest
0 a. R174 525
0 b. R200 704
0 C. R216 143
@ d. R187 950
lear my
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