Page 13 - P6 Slide Taxation - Lecture Day 3 - VAT Part 1

Goods (2nd requirement)

- def s 1: corporeal movable things, fixed property and real right

in such thing or fixed property and electricity, excluding:

• money

• rights

def s 1 “money”:

- coins (used as currency for making payments)

- coins include silver coins but exclude coins made

from precious metals (Kruger Rand)

- coins used as collector‟s piece or investment article ≠ money