1887

oa De Rebus - Value-added tax implications of fixed property sales

 

Abstract

Sellers and purchasers of fixed property and their attorneys should, before conclusion of a contract, take the provisions of the Value-Added Tax Act 89 of 1991 into account to prevent unpleasant VAT surprises. In this article basic guidelines are given on the VAT treatment of a sale of fixed property and its implications for the seller and purchaser. * Where VAT is payable, whether at the standard rate or the zero rate, transfer duty is in terms of s 9(15) of the Transfer Duty Act 40 of 1949 (TDA) not payable.

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/content/derebus/1998/362/AJA02500329_5990
1998-03-01
2016-12-09
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