QB TAX LIABILITY
FOR THE 2026 YEAR
OF ASSESSMENT –
FINAL
COMPUTATION
Ref Description / Calculation Amount (R)
, Taxable income per junior
GIVEN 6,850,000
accountant
Interest on construction loan
(capitalised)
Interest incurred (Sep-Dec 2025):
R8,500,000 × 3% = 255,000
1 382,500
Interest incurred (Jan-Feb 2026):
R8,500,000 × 3% × ²/₄ = 127,500
Total interest capitalised (not
deductible)
Capital gain on office building B1
(insurance proceeds):
Insurance proceeds (B1) =
5,175,000
Less: Base cost (B1) = (3,500,000)
Capital gain on disposal =
2 703,986
1,675,000
Rollover relief under para 65 (only
for B2):
Gain rolled over (B2 portion):
(R3,000,000 / R5,175,000) ×
1,675,000 = (971,014)
Taxable capital gain (machine
portion)
FOR THE 2026 YEAR
OF ASSESSMENT –
FINAL
COMPUTATION
Ref Description / Calculation Amount (R)
, Taxable income per junior
GIVEN 6,850,000
accountant
Interest on construction loan
(capitalised)
Interest incurred (Sep-Dec 2025):
R8,500,000 × 3% = 255,000
1 382,500
Interest incurred (Jan-Feb 2026):
R8,500,000 × 3% × ²/₄ = 127,500
Total interest capitalised (not
deductible)
Capital gain on office building B1
(insurance proceeds):
Insurance proceeds (B1) =
5,175,000
Less: Base cost (B1) = (3,500,000)
Capital gain on disposal =
2 703,986
1,675,000
Rollover relief under para 65 (only
for B2):
Gain rolled over (B2 portion):
(R3,000,000 / R5,175,000) ×
1,675,000 = (971,014)
Taxable capital gain (machine
portion)
