“asset” includes-

(a)     property of whatever nature, whether movable or immovable, corporeal or incorporeal, excluding any currency, but including any coin made mainly from gold or platinum; and

(b)     a right or interest of whatever nature to or in such property;

“base cost” means the amount to be determined in terms of Part V;

“boat” means any vessel used or capable of being used in, under or on the sea or internal waters, whether-

(a)     self-propelled or not; or

(b)     equipped with an inboard or outboard motor;

“capital gain” means the amount to be determined in terms of paragraph 3;

“capital loss” means the amount to be determined in terms of paragraph 4;

‘disposal’ means an event, act, forbearance or operation of law envisaged in paragraph 11 or an event, act, forbearance or operation of law which is in terms of this Act treated as the disposal of an asset, and ‘dispose’ must be construed accordingly;

[Definition of “disposal’ substituted by section 73 of Act 23 of 2018 effective on 17 January 2019]

“proceeds” means the amount to be determined in terms of Part VI;