Page 113 - ADVANCED TAXATION - Day 1 Slides
P. 113
Example (Suspensive-sale Agreement)
Assume the same information as in the previous
example, except that it is now a delivery vehicle
acquired in terms of a suspensive-sale agreement,
which provides for a deposit of R14 000 payable on 15
May of the current tax year.
The monthly instalments are R3 675, and finance
charges totalling R34 300 will be paid over the 36-
month period.
Discuss the VAT implications of the above
transaction.
