CHEM 210 MODULE 6 EXAMPREP 2026
FULL QUESTION SET WITH CORRECT
ANSWERS
⩥ Asset. Answer: Property or right of any nature.
⩥ Proceeds. Answer: Total amount received from asset disposal.
⩥ Disposal. Answer: Event of transferring ownership of an asset.
⩥ Base Cost. Answer: Cost of acquiring or creating an asset.
⩥ Qualified Expenditure. Answer: Costs that can be added to base cost.
⩥ Holding Costs. Answer: Expenses incurred while maintaining an
asset.
⩥ Eighth Schedule. Answer: Legal framework governing CGT in South
Africa.
⩥ Taxable Capital Gain. Answer: Profit subject to taxation after asset
sale.
,⩥ Mr Thalitha. Answer: Tax resident involved in CGT scenario.
⩥ Construction Costs. Answer: Expenses incurred for building
improvements.
⩥ Sale Price. Answer: Amount received from selling an asset.
⩥ Emigration. Answer: Moving residence to another country.
⩥ Lease-with-option-to-buy. Answer: Rental agreement with purchase
option.
⩥ Tax Resident. Answer: Individual subject to tax laws of a country.
⩥ Tax Year. Answer: Period for which tax is calculated.
⩥ R750,000. Answer: Initial purchase price of the Midrand property.
⩥ R3,500,000. Answer: Sale price of the Midrand house.
⩥ R450,000. Answer: Cost of constructing the house.
, ⩥ R100,000. Answer: Cost of adding an additional bedroom.
⩥ R50,000. Answer: Cost of repairing the leaking roof.
⩥ Taxable Year. Answer: 2020/2021 year for CGT assessment.
⩥ Jeffreys Bay. Answer: New location for Mr and Mrs Thalitha.
⩥ Painting. Answer: Asset given as a birthday gift.
⩥ R300,000. Answer: Purchase price of the painting.
⩥ R600,000. Answer: Current value of the painting.
⩥ Legal Advice. Answer: Guidance on legal implications of actions.
⩥ Tax Consequences. Answer: Financial implications of tax laws.
⩥ Capital Gain. Answer: Profit from selling an asset above base cost.
FULL QUESTION SET WITH CORRECT
ANSWERS
⩥ Asset. Answer: Property or right of any nature.
⩥ Proceeds. Answer: Total amount received from asset disposal.
⩥ Disposal. Answer: Event of transferring ownership of an asset.
⩥ Base Cost. Answer: Cost of acquiring or creating an asset.
⩥ Qualified Expenditure. Answer: Costs that can be added to base cost.
⩥ Holding Costs. Answer: Expenses incurred while maintaining an
asset.
⩥ Eighth Schedule. Answer: Legal framework governing CGT in South
Africa.
⩥ Taxable Capital Gain. Answer: Profit subject to taxation after asset
sale.
,⩥ Mr Thalitha. Answer: Tax resident involved in CGT scenario.
⩥ Construction Costs. Answer: Expenses incurred for building
improvements.
⩥ Sale Price. Answer: Amount received from selling an asset.
⩥ Emigration. Answer: Moving residence to another country.
⩥ Lease-with-option-to-buy. Answer: Rental agreement with purchase
option.
⩥ Tax Resident. Answer: Individual subject to tax laws of a country.
⩥ Tax Year. Answer: Period for which tax is calculated.
⩥ R750,000. Answer: Initial purchase price of the Midrand property.
⩥ R3,500,000. Answer: Sale price of the Midrand house.
⩥ R450,000. Answer: Cost of constructing the house.
, ⩥ R100,000. Answer: Cost of adding an additional bedroom.
⩥ R50,000. Answer: Cost of repairing the leaking roof.
⩥ Taxable Year. Answer: 2020/2021 year for CGT assessment.
⩥ Jeffreys Bay. Answer: New location for Mr and Mrs Thalitha.
⩥ Painting. Answer: Asset given as a birthday gift.
⩥ R300,000. Answer: Purchase price of the painting.
⩥ R600,000. Answer: Current value of the painting.
⩥ Legal Advice. Answer: Guidance on legal implications of actions.
⩥ Tax Consequences. Answer: Financial implications of tax laws.
⩥ Capital Gain. Answer: Profit from selling an asset above base cost.
