oa Meditari : Research Journal of the School of Accounting Sciences - Value-added tax on new residential properties : a comparative study to establish possible alternatives regarding developers registered for VAT purposes



This article reports on a study on the value-added tax (VAT) levied on new residential properties sold to individuals by developers registered for VAT purposes. The objective of the research was to evaluate the current VAT provisions applicable to new residential properties in South Africa by measuring them against the principles of taxation, and by comparing the results with those obtained for the United Kingdom, Canada and Australia. Similarities and differences are established and evaluated. It is recommended that the supply of new residential properties in South Africa be zero rated.


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