Q11 Kelley was born on 5 October 1984 in Lima. During the current year of assessment, she sold her holiday home for R7 000 000. The selling price includes state agent commission of R700 000 paid to the estate agents. Kelley agreed to repay the purchaser R2 200 000 once the transaction is complete. The transaction was completed before the year of assessment. YOU ARE REQUIRED to determine the proceeds. a. R4 800 000 b. R2 200 000 c. R6 300 000 d. R7 000 000​



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