13 Mrs Boiphilo Segodi has made a donation of R1000 000 to Tendai her 15 year old daughter. A year later the donated amount accrued interest return of 20%. (i) Indicate the amount that Boiphilo and Tendai will be taxed on that is the taxable amount. Justify your answers. kii) Wil the amounts change if the donation was made by a deceased parent? Please substantiate your answer.

13 Mrs Boiphilo Segodi has made a donation of R1000 000 to Tendai her 15 year old daughter. A year later the donated amount accrued interest return of 20%. (i) Indicate the amount that Boiphilo and Tendai will be taxed on that is the taxable amount. Justify your answers. kii) Wil the amounts change if the donation was made by a deceased parent? Please substantiate your answer.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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