Page 25 - F6 Slide - VAT Part 3 - Lecture Day 5
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Example: Connected Persons
A buys second-hand goods for R2 000 and claims a
notional input tax deduction of R246, then sells them
to B, a connected person, for R1 800. B claims an
input tax deduction of R221 based on the tax invoice
provided by A. B exports the goods for R1 980.
Explain the VAT consequences in respect of
the export.
